By Temitope Adebayo
The equities market of the Nigerian Exchange Limited (NGX) rebounded after pullback recorded at the previous session, as the market gained 0.27 per cent to close at N34.81trillion.
Specifically, the benchmark Index appreciated by 0.27 per cent to close at 63,930.72 points, while the market capitalization rose by N94.46billion to close at N34.81trillion.
Gains in ZENITHBANK (+0.16%), GEREGU (+5.71%), and GTCO (+0.57%) pushed the broader index into positive territory.
Accordingly, the market remains on for a week of gain. Consequently, the year-to-date (YTD) return rose to 24.74 per cent.
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Analysis of yesterday’s market activities showed trade turnover settled higher relative to the previous session, with the value of transactions up by 79.21 per cent.
A total of 1.36billion shares valued at ₦18.07bn were exchanged in 7,179 deals. UBA (+2.65%) led the volume and value charts with 961.50m units traded in deals worth N13.31billion.
Market breadth closed positive at a 1.75-to-1 ratio, with advancing issues outnumbering declining ones. UPL (+10.00%) led twenty-seven (27) others on the gainer’s log, while COURTVILLE (-9.86%) topped 15 others on the laggard’s table.
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