BY BAMIDELE FAMOOFO
Nigerian equities extended the strong bullish run as the benchmark index inched up by 0.12 percent to close at 48,426.49 points on Wednesday, the highest point since 05 October 2022.
Investors interests in NESTLE (+1.67%), NB (+4.62%) and GEREGU (+2.78%) offset losses in ZENITHBANK (-0.23%), GTCO (-0.24%) and UBA (-0.68%).
Consequently, the year-to-date (YTD) return rose to 13.37 percent, while market capitalization gained N32.57bn to close at N26.38trn.
Analysis of today’s market activities showed trade turnover settled lower relative to the previous session, with the value of transactions down by 5.55 percent. A total of 146.21m shares valued at N3.36bn were exchanged in 2,810 deals. FBNH (+0.00%), led the volume chart with 59.27m units traded, while GEREGU (+2.78%) led the value chart in deals worth N1.53bn.
Market breadth closed negative at a 1.45-to-1 ratio with declining issues outnumbering advancing ones. UNITYBNK (-7.02%) topped fifteen (15) others on the laggard’s table, while JAPAULGOLD (+7.41%) led ten (10) others on the gainer’s log
