TUE. 03 JANUARY, 2023-theGBJournal| In the first trading day of the year, the Nigerian equities opened on a bright note as the benchmark index gained 0.67% to close at 51,595.66 points – the highest point since 22 July 2022.
The positive performance was driven primarily by gains in index heavyweight BUAFOODS (+10.00%) alongside Tier-1 banking names, GTCO (+1.09%), FBNH (+3.21%), and ACCESSCORP (+3.53%).
As a result, year-to-date (YTD) return stood at 0.67% while market capitalization gained N187.90bn to close at N28.10trn.
Analysis of today’s market activities showed trade turnover settled lower relative to the previous session, with the value of transactions down by 40.86%.
A total of 321.67m shares valued at N4.35bn were exchanged in 4,122 deals.
FBNH (+3.21%) led the volume chart and value chart with 207.62m units traded in deals worth N2.47bn.
Market breadth closed positive at a 2.38-to-1 ratio with advancing issues outnumbering declining ones.
BUAFOODS (+10.00%) led eighteen others on the gainer’s log, while FCMB (-8.83%) topped seven others on the laggard’s table
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