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Nigerian stocks close higher after best day in the week, ASI ascends by 0.2%

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…THOMASWY (+9.8%) and DAARCOMM (+9.5%) topped the gainers’ list, while OMATEK (-8.3%) and OANDO (-8.1%) recorded the highest losses of the day.

WED, OCT 11 2023-theGBJournal| Positive sentiments resurfaced in the domestic equities market Wednesday following bargain hunting in BUACEMENT (+2.3%).

Precisely, the All-Share Index gained 0.2% to close at 67,100.49 points. Consequently, the Month-to-Date and Year-to-Date returns increased to +1.1% and +30.9%, respectively.

The total volume of trades advanced by 59.4% to 410.32 million units, valued at N4.46 billion, and exchanged in 5,637 deals.

NEIMETH was the most traded stock by volume at 163.20 million units, while ZENITHBANK was the most traded stock by value at N1.02 billion.

Sectoral performance was mixed, as the Insurance (+1.6%) and Industrial Goods (+1.0%) indices posted gains, while the Consumer Goods and Oil & Gas indices closed flat. The Banking (-0.3%) index was the sole loser of the day.

As measured by market breadth, market sentiment was positive (1.1x), as 18 tickers gained relative to 17 losers.

THOMASWY (+9.8%) and DAARCOMM (+9.5%) topped the gainers’ list, while OMATEK (-8.3%) and OANDO (-8.1%) recorded the highest losses of the day.

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