WED DEC 25 2024-theGBJournal|The bulls continued to dominate the domestic bourse as bargain-hunting activities in MTNN (+9.0%) spurred a 0.8% increase in the benchmark index on Tuesday.
The All-Share Index closed at 102,186.03 points, with the Month-to-Date and Year-to-Date returns settling at +4.8% and +36.7%, respectively, the close out for Christmas holiday.
The total volume of trades declined by 14.2% to 414.33 million units, valued at NGN17.94 billion, and exchanged in 8,100 deals. UBA was the most traded stock by volume at 51.17 million units, while DANGCEM was the most traded stock by value at NGN11.14 billion.
Sectorial performance was positive, as the Insurance (+1.5%), Banking (+1.0%), Consumer Goods (+0.5%), Industrial Goods (+0.2%) and Oil & Gas (+0.1%) indices advanced.
As measured by market breadth, market sentiment was positive (1.7x), as 36 tickers gained relative to 21 losers. MRS (+10.0%) and IKEJAHOTEL (+10.0%) recorded the most significant gains of the day, while THOMASWY (-10.0%) and CAVERTON (-7.4%) topped the losers’ list.
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