Equities Market Extends Gaining Streak By N142.17bn
Nigerian naira banknotes are seen in this picture illustration, September 10, 2018. REUTERS/Afolabi Sotunde/File Photo
Samuel Mobolaji
The equities market of the Nigerian Exchange Limited (NGX) on Wednesday extended its gaining streak by N142.17billion to close at N29.14trillion, as against N29.00 trillion declared at the previous trading session.
At the close of yesterday’s trading session, the local bourse widen the bullish run for the fourth consecutive session with the All-Share Index (ASI) gained 0.49 per cent to close at 53,499.68 points – the highest since 31 May 2022.
Investors interest in NESTLE (+1.84%), ZENITHBANK (+2.00%), GTCO (+0.40%) kept the market in the positive terrain.
Consequently, the ASI’s year-to-date (YTD) return rose to 4.39 per cent.
Analysis of the Wednesday’s market activities, however, showed that trade turnover settled lower relative to the previous session, with the value of transactions down by 6.13 per cent.
A total of 200.37million shares valued at N5.52billion were exchanged in 3,716 deals. GTCO (+0.40%) led the volume chart with 16.61million units traded, while GEREGU (+8.47%) led the value chart in deals worth N1.64billon.
Market breadth closed flat. SEPLAT (+10.00%) topped thirteen (13) others on the gainer’s table, while GUINNESS (-10.00%) led thirteen (13) others on the leader’s log.
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