WED, DEC 27 2023-theGBJournal| The Nigerian stock market was closed on Monday Christmas Day and Tuesday Boxing Day, and as trading resumed today, the NGX benchmark index fell as profit-taking activities in DANGCEM (-2.3%) undermined market performance.
Specifically, the All-Share Index declined by 0.3% to close at 73,768.64 points. Consequently, the Month-to-Date and Year-to-Date returns moderated to +3.4% and +43.9%, respectively.
The total volume traded increased by 2.3% to 432.91 million units, valued at N12.94 billion, and exchanged in 8,901 deals.
JAIZBANK was the most traded stock by volume at 35.38 million units, while GEREGU was the most traded stock by value at NGN6.06 billion.
Analysing by sectors, the Insurance (+3.1%), Oil & Gas (+0.2%) and Banking (+0.2%) indices advanced, while the Industrial Goods (-1.1%) and Consumer Goods (-0.2%) indices declined.
As measured by market breadth, market sentiment was positive (1.8x), as 38 tickers gained relative to 21 losers.
ETERNA (+10.0%) and MANSARD (+10.0%) recorded the most significant gains of the day, while UACN (-10.0%) and DEAPCAP (-7.3%) topped the losers’ list.
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