MON JUNE 10 2024-theGBJournal| Activities in the domestic equities market kicked off the week on a positive note, underpinned by gains in ACCESSCORP (+9.9%), TRANSCOHOT (+5.5%), and ZENITHBANK (+4.7%).
As a result, the All-Share Index advanced by 0.6% to close at 99,793.71 points. Accordingly, the Month-to-Date and Year-to-Date returns increased to +0.5% and +33.5%, respectively.
The total trading volume increased by 148.3% to 963.54 million units, valued at N13.50 billion, and exchanged in 8,657 deals.
FIDELITYBK was the most traded stock by both volume and value at 605.26 million units and N6.03 billion, respectively.
From a sectoral perspective, the Oil & Gas (+3.1%), Banking (+2.7%), Insurance (+0.6%), and Consumer Goods (+0.3%) indices recorded gains, while the Industrial Goods (-0.1%) index settled lower.
As measured by market breadth, market sentiment was positive (2.9x), as 29 tickers gained relative to 10 losers. FLOURMILL (+10.0%) and TOTAL (+10.0%) recorded the most significant gains of the day, while ETRANZACT (-9.9%) and DAARCOMM (-9.5%) topped the losers’ list.
Meanwhile, the local currency, the naira settled at N1,483.62/US$1 on Monday in the Nigerian Autonomous Foreign Exchange Market (NAFEM).
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