TUE, DEC 05 2023-theGBJournal|The equities market posted gains on Tuesday as the benchmark index rose by 0.43% to close at 71,250.17 points, shrugging off Monday’s loss.
Sell pressures on BUACEMENT (-10.0%) drove the market to red on Monday with the NGX-ASI dipping by 0.7% to close at 70,946.83 points, and the Month-to-Date and Year-to-Date returns settling at -0.6% and +38.4%, respectively.
However, renewed demand for index heavyweight, BUACEMENT (+4.70%) alongside ZENITHBANK (+0.14%), and GTCO (+0.77%) contributed to outweigh losses in AIRTELAFRI (-2.06%), FCMB (-1.45%), and OANDO (-0.43%), sending the market to the green zone.
Consequently, the year-to-date (YTD) return rose to 39.02%, while market capitalization gained N165.99bn to close at N38.99trn.
Analysis of today’s market activities showed trade turnover settled higher relative to the previous session, with the value of transactions up by 56.53%.
A total of 433.57m shares valued at N11.11bn were exchanged in 7,016 deals. UACN (+4.92%) led the volume chart with 61.71m units traded while AIRTELAFRI (-2.06%) led the value chart in deals worth N2.12bn.
Market breadth closed positive at a 2.60-to-1 ratio with advancing issues outnumbering declining ones. NSLTECH (+10.00%) topped thirty-eight others on the leader’s table while ABBEYBDS (-9.88%) led fourteen others on the laggard’s log.
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