Local bourse snaps a lull reversal with N8.2bn gains for market cap
November 26, 2024302 views0 comments
Bamidele Famoofo
The local stock exchange closed today’s trading session on a positive note, as the All-Share Index (ASI) edged up by 0.01.percent to settle at 97,639.88
points.
This modest gain added ₦8.2 billion to the market capitalization, lifting it to ₦59.18 trillion. The year-to-date (YTD) return also saw a slight increase to 30.58 percent.
Sectoral performance was mostly positive, with gains recorded in the Insurance (+0.91%), Consumer Goods
(+0.09%), Oil/Gas (+0.36%), and Industrial Goods (+0.76%) sectors. However, the Banking sector dipped by 0.21 percent.
Market breadth leaned toward the bears, as 24 stocks advanced while 25 declined. Top gainers included HMCALL, SUNUASSUR, JAPAULGOLD, PRESTIGE, and NEIMETH, whereas MULTIVERSE, TANTALIZER, UPDCREIT, UNIVINSURE, and RTBRISCOE led the decliners’ chart. Trading activity was subdued, with declines in the number of deals (-11.08%), trading volume (-17.75%), and trade value (-24.52%).
A total of 552.11 million shares worth
₦8.03 billion were exchanged across 9,305 transactions. HMCALL emerged as the most actively traded stock, recording 177.1 million shares worth ₦1.1 billion in 43 deals recording 177.1 million shares worth.