BY BAMIDELE FAMOOFO
The local bourse bounced back Wednesday, paring the prior session’s loss, as the benchmark Index closed 0.23 percent higher to settle at 54,315.53 points.
The market’s performance was bolstered by renewed investor interests in ZENITHBANK (+0.80%), GTCO (+0.80%), ACCESSCORP (+0.55%) and GEREGU (+10.00%). As a result, the year-to-date (YTD) return rose to 5.98 percent, while the market capitalization gained N68.76 billion to close at N29.59 trillion.
Analysis of today’s market activities showed trade turnover settled lower relative to the previous session, with the value of transactions down by 74.82 percent. A total of 129.91 million shares valued at N3.92 billion were exchanged in 2,678 deals. AIICO (+0.00%) led the volume chart with 16.18 million units traded while SEPLAT (+0.00%) led the value chart in deals worth N1.10 billion.
Market breadth closed positive at a 1.44-to-1 ratio with advancing issues outnumbering declining ones. GEREGU (+10.00%) topped twelve (12) others on the leader’s log while WAPIC (-6.82%) led eight (8) others on the leader’s table.
