LIVE UPDATES
The Nigerian equities has extended gains from yesterday’s session as the benchmark Index inched up by 0.11 per cent to close at 98,285.33 points.
Buying activity in MTNN (+0.22%), GTCO (+0.13%) and ZENITHBANK (+2.20%) drove the market’s positive performance, despite declines in FBNH (-1.09%), UBA (-0.48%) and ACCESSCORP (-0.29%).
Consequently, the ASI year to-date (YTD) return rose to 31.44 per cent, while the market capitalization gained ₦61.65 billion to close at ₦55.60 trillion.
Analysis of the day’s market activities showed trade turnover settled lower relative to the previous session, with the value of transactions declining by 23.02 per cent.
A total of 222.90 million shares valued at ₦5.15 billion were exchanged in 7,228 deals. GTCO (+0.13%) led the volume value chart with 40.64 million units traded in deals worth ₦1.62 billion.
Market breadth closed negative at a 0.95-to-1 ratio with declining issues outnumbering advancing ones. INTENEGINS (-9.70%) topped 18 others on the laggard’s table, while NESTLE (+9.76%) led 17 others on the leader’s log.
