NGX All-Share Index sustains bullish run, up 3.57% - 09 January 2024

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For the sixth consecutive session, the Lagos stock exchange maintained the bull run bringing the benchmark index up by 3.57% to close at 83,191.84 points.

 

Buying interest in DANGCEM (+3.72%), alongside MTNN (+3.51%), and BUAFOODS (+5.59%) offset losses in TOTAL (-10.00%), CHAMPION (-5.00%) and CWG (-4.22%).

 

As a result, the year-to-date (YTD) return rose to 11.26%, with the market capitalization increasing by ₦1.57trn to close at ₦45.52trn

 

Analysis of today's market activities showed trade turnover settled higher relative to the previous session, with the value of transactions up by 61.77%.

 

A total of 1.41bn shares valued at ₦24.68bn were exchanged in 17,144 deals. FIDELITYBK (+4.49%) led the volume chart with 141.75m units traded while UBA (+9.03%) led the value chart with deals worth ₦3.78bn.

 

Market breadth closed positive at a 5.15-to-1 ratio with advancing issues outnumbering the declining ones.  FBNH (+10.00%) topped sixty-six (66) others on the leader’s table while TOTAL (-10.00%) led twelve (12) others on the laggard's log.

Find below key highlights of market activities.


Indicators

Current     

Change (%)

YTD

All-Share Index

83,191.84

+3.57

+11.26

Market Cap. (₦ 'trillion)

45.52

+3.56

+11.26

Volume (millions)

1,409.85

+18.46

 

Value (₦ 'billion)

24.68

+61.77

 


 

 

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