MON. 06 MARCH 2023-theGBJournal | The Nigerian stock market ended the day higher, opening the week 0.14% up to settle at 55,605.57 points.
Investor interest in telco heavyweight, MTNN (+1.22%), alongside WAPCO (+0.19%) and UBA (1.16%) kept the market in the positive territory, offsetting losses in ZENITHBANK (-1.13%), GTCO (-0.75%) and NB (-0.97%).
Consequently, the year-to-date (YTD) return rose to 8.50%, while market capitalization gained N41.60bn to close at N30.29trn.
Analysis of today’s market activities showed trade turnover settled lower relative to the previous session, with the value of transactions down by 6.72%. A total of 123.55m shares valued at N2.48bn were exchanged in 4,076 deals.
TRANSCORP (-0.78%) led the volume chart with 11.80m units traded while GEREGU (+0.00%) led the value chart in deals worth N604.27m.
Market breadth closed negative at a 1.20-to-1 ratio with declining issues outnumbering advancing ones. FTNCOCOA (-6.67%) topped seventeen others on the laggard’s log while JBERGER (+10.00%) led fourteen others on the leader’s table.
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