BY BAMIDELE FAMOOFO
Investors in the nation’s bourse picked N183.59 billion from transactions on the last day in November.
In the last trading session of the month, Nigerian equities staged a rebound, recouping prior session losses as the benchmark index ended 0.71 percent stronger to settle at 47,660.04 points, the highest point since 05 October.
Gains in Telcos heavyweight, MTNN (+3.80%), alongside Tier-1 banking names, ZENITHBANK (+0.92%) and GTCO (+0.50%) were the primary drivers of the broader index’s recovery. As a result, the year-to-date (YTD) return rose to 11.57 percent, while market capitalization gained N183.59 billion to close at N25.96 trillion.
Analysis of today’s market activities showed trade turnover settled lower relative to the previous session, with the value of transactions down by 19.97 percent. A total of 107.02 million shares valued at N1.32 billion were exchanged in 3,227 deals. FBNH (+0.00%) led the volume chart with 12.53 million units traded while ZENITHBANK (+0.92%) led the value chart in deals worth N174.55 million.
Market breadth closed positive at a 4.5-to-1 ratio with advancing issues outnumbering declining ones. WEMABANK (+10.00%) led seventeen (17) others on the leader’s table while NB (-7.08%) topped three (3) others on the laggard’s log.
