MON. 09 JANUARY, 2023-theGBJournal| The Nigerian Equities market opened the week on a positive today as the benchmark index advanced by 0.93% to close at 51,700.36 points.
Sustained interest in AIRTELAFRI (+5.16%) alongside NB (+1.91%) and FBNH (+0.45%) contributed to keeping the market in the green, offsetting losses in ZENITHBANK (-0.61%), GTCO (-1.25%) and STANBIC (-4.33%).
Consequently, the year-to-date (YTD) return rose to 0.88%, while the market capitalization gained N260.37bn to close at N28.16trn.
Analysis of today’s market activities showed trade turnover settled lower relative to the previous session, with the value of transactions down by 60.96%. A total of 229.22m shares valued at N2.91bn were exchanged in 3,900 deals.
STERLNBANK (+0.00%) led the volume chart with 85.18m units traded while AIRTELAFRI (+5.16%) led the value chart in deals worth N1.03bn.
Market breadth closed negative at a 1.25-to-1 ratio with declining issues outnumbering advancing ones. UBN (-8.63%) led fourteen others on the laggard’s log, while AIRTELAFRI (+5.16%) topped eleven others on the gainer’s table.
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