WED, NOV 08 2023-theGBJournal|The Nigerian equities market extended its bullish streak as the All-Share Index gained 0.2% to close at 70,773.31 points.
Today’s performance was underpinned by buying interest in BUACEMENT (+1.9%). Consequently, the Month-to-Date and Year-to-Date gains increased to +2.2% and +38.1%, respectively.
The total volume traded increased by 24.3% to 558.34 million units, valued at NGN9.79 billion, and exchanged in 6,401 deals. FBNH was the most traded stock by volume and value at 209.90 million units and NGN4.04 billion, respectively.
Across the sectors, the Insurance (+2.7%), Industrial Goods (+0.9%), and Banking (+0.3%) indices advanced, while the Oil & Gas index closed flat. The Consumer Goods (-0.1%) index was the sole loser of the day.
As measured by market breadth, market sentiment was positive (1.1x), as 26 tickers gained relative to 24 losers. JAPAULGOLD (+9.9%) and PRESTIGE (+9.8%) topped the gainers’ list, while CAVERTON (-9.9%) and MEYER (-9.9%) recorded the most significant losses of the day.
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