WED, DEC 06 2023-theGBJournal|Nigerian equities market closed higher on Wednesday, extending gains seen on Tuesday.
The Benchmark Index, the NGX All-Share Index nudged slightly higher by 0.78% stronger to close at 71,808.64 points.
The performance was primarily driven by gains in MTNN (+0.25%), ZENITHBANK (+3.44%) and GTCO (+0.51%) offsetting losses in DANGSUGAR(-0.09%), WAPCO (-0.33%) and TRANSCORP (-1.29%).
As a result, the ASI year-to-date (YTD) increased to 40.11%, while market capitalization gained N305.61bn to close at N39.30tr.
Market breadth closed positive at a 1.70-to-1 ratio with advancing issues outnumbering declining ones.
THOMASWY (+9.93%) topped thirty-three others on the leader’s table while MANSARD (-9.69%) led nineteen others on the laggard’s log.
Market activities showed trade turnover settled higher relative to the previous session, with the value of transactions up by 8.88%.
A total of 690.01m shares valued at N12.10 billion were exchanged in 8,412 deals. GTCO (+0.51%) led both the volume and value chart with 76.70m units traded in deals worth N3.04bn.
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