WED, JULY 05 2023-theGBJournal |Nigerian stocks closed higher Wednesday as investors shifted interest on BUACEMENT amidst a raft of corporate earnings report notifications.
Interest in BUACEMENT (+9.4%) drove the benchmark index higher. Precisely, the ASI advanced by 1.3% to 61,523.57 points.
Consequently, the Month-to-Date and Year-to-Date returns increased to +1.9% and 20.0%, respectively.
The total volume traded declined by 23.6% to 846.32 million units, valued at NGN10.31 billion, and exchanged in 9,815 deals.
FBNH was the most traded stock by volume and value at 89.24 million units and NGN1.65 billion, respectively.
On sectors, the Banking (+6.2%), Industrial Goods (+3.9%), Oil & Gas (+0.2%), and Consumer Goods (+0.1%) indices advanced, while the Insurance (-4.7%) index declined.
As measured by market breadth, market sentiment was positive (1.4x), as 43 tickers gained relative to 30 losers. LEARNAFRCA (+10.0%) and GOLDBREW (+10.0%) topped the gainers’ list, while NEM (-10.0%) and LASACO (-10.0%) recorded the highest losses of the day.
Twitter-@theGBJournal|Facebook-the Government and Business Journal|email:gbj@govbusinessjournal.com| govandbusinessj@gmail.com
