The inventory market began the 12 months on a powerful notice, delivering a formidable N155 billion revenue to traders on the primary buying and selling day.
The optimistic efficiency was pushed primarily by positive factors in Tier-one banking shares, particularly, Zenith Financial institution, United Financial institution for Africa (UBA) and FBN Holdings, Entry Company, amongst different equities.
Particularly, the market capitalisation, which opened at N62.763 trillion, gained N155 billion or 0.25 per cent to shut at N62.918 trillion.
The All-Share index additionally gained 0.25 per cent or 254 factors, to shut at 103,180.14, in opposition to 102,926.40 reported on Tuesday.
Consequently, the Yr-To-Date (YTD) return stood at 0.25 per cent.
Market breadth additionally closed optimistic with 58 gainers and eight losers.
Cornerstone Insurance coverage, Cutix Plc, Worldwide Vitality Insurance coverage Plc, NCR Nigeria and Axa Mansard Insurance coverage led the gainers’ chart by 10 per cent every to shut at N3.96, N2.53, N1.87, N5.50 and N9.02 per share, respectively.
On the losers’ facet, Ellah Lakes Plc led by 4.75 per cent to shut at N3.01, Nationwide Salt Firm trailed by 4.31 per cent to shut at N30 per share.
Pc Warehouse Group additionally misplaced 3.25 per cent to shut at N7.45, Constancy Financial institution dropped 2.86 per cent to shut at N17, whereas Worldwide Breweries Plc shed 0.90 per cent to shut at N5.50 per share.
Evaluation of the market actions confirmed commerce turnover settled decrease relative to the earlier session, with the worth of transactions down by 85.95 per cent.
A complete of 829.75 million shares valued at N5.67 billion have been exchanged in 11,752 offers, in contrast with 437.76 million shares valued at N40.34 billion exchanged in 8,830 offers, posted within the earlier session.
In the meantime, Royal Trade led the exercise chart in quantity with 290.99 million shares whereas Entry Company led in worth of offers price N430.78 million.
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