WED, DEC 13 2023-theGBJournal|Nigerian equities delivered a positive performance on Wednesday as the benchmark index gained 0.55% to close at 72,299.26 points.
Investors interests in Tier 1 banks namely, ZENITHBANK (+2.54%), GTCO (+1.01%) and UBA (+3.45%) offset losses in DANGSUGAR (-0.61%), FLOURMILL (-4.57%) and UNILEVER (-2.01%). Consequently, the year-to-date (YTD) return rose to 41.07%, while market capitalization gained N214.80bn to close at N39.56trn.
Analysis of today’s market activities showed trade turnover settled higher relative to the previous session, with the value of transactions up by 37.40%.
A total of 433.18m shares valued at N8.08 billion were exchanged in 6,650 deals. ACCESSCORP (+8.09%) led the volume chart with 60.18 million units traded while GTCO (+1.01) led the value chart in deals worth N1.96bn.
Market breadth closed positive at a 2.27-to-1 ratio with advancing issues outnumbering the declining ones. SCOA (+9.88%) topped thirty-three others on the leader’s table while UPL (-9.82%) led fourteen others on the laggard’s log.
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