…The total volume traded increased by 32.8% to 689.93 million units, valued at 25.94 billion, and exchanged in 15,887 deals.
MON, JAN 29 2024-theGBJournal|The Nigerian equities market extended the bullish streak from the prior week supported by a gain in DANGCEM (+9.9%), amidst a raft of mixed corporate disclosures.
The All-Share Index notched higher by 2.2% to close at 104,674.67 points. Consequently, the Year-to-Date return advanced to +40.0%.
The total volume traded increased by 32.8% to 689.93 million units, valued at 25.94 billion, and exchanged in 15,887 deals. JAPAULGOLD was the most traded stock by volume at 83.86 million units, while DANGCEM was the most traded stock by value at N8.58 billion.
Sectoral performance was largely negative, as the Banking (-1.1%), Insurance (-0.9%), Consumer Goods (-0.3%) and Oil & Gas (-0.1%) indices declined. The Industrial Goods (+6.7%) index was the sole gainer of the day.
As measured by market breadth, market sentiment was negative (0.6x), as 37 tickers lost relative to 23 gainers.
IKEJAHOTEL (-10.0%) and DAARCOMM (-10.0%) recorded the highest losses of the day, while OANDO (+10.0%) and DANGCEM (+9.9%) topped the gainers’ list.
Meanwhile, Monday has been busy with earnings report, as a number of food and agro-allied companies, banks as well as energy companies report earnings.
Many of the companies posting results have a accounted for a disproportionate share of the market’s success in recent times.
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