TUE, DEC 19 2023-theGBJournal|The Nigerian equities market extended Monday’s gain following investors’ interest in MTNN (+0.6%) and UBA (+3.1%). As a result, the All-Share Index inched higher by 0.1% to close at 72,470.10 points.
Consequently, the Month-to-Date and Year-to-Date returns increased to +1.6% and +41.4%, respectively.
The total volume traded increased by 26.8% to 411.21 million units, valued at NGN6.95 billion, and exchanged in 6,870 deals. UPDCREIT was the most traded stock by volume at 42.03 million units, while GTCO was the most traded stock by value at NGN902.20 million.
Analysing by sectors, the Banking (+1.9%), Insurance (+0.4%), and Industrial Goods (+0.2%) indices recorded gains, while the Oil & Gas index closed flat. Conversely, the Consumer Goods (-0.2%) index was the sole loser for the day.
As measured by market breadth, market sentiment was positive (2.6x), as 34 tickers gained relative to 13 losers. CAVERTON (+10.0%) and INFINITY (+10.0%) topped the gainers’ list, while OMATEK (-10.0%) and PRESTIGE (-9.6%) recorded the highest losses of the day.
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