Bullish sentiment persisted at the Nigerian stock market on Christmas eve trading despite reduced trading hours because of the festive season.
Sustained buy interests in industrial heavyweight MTNN (+8.99%), alongside UBA (+2.86%) and renewed interest in OANDO (+3.62%), the market offset losses in GTCO (-1.36%) and TRANSCORP (-3.89%), keeping the market in the green. As a result, the benchmark index posted a 0.82% gain to settle at 102,186.03 points. The year-to-date (YTD) return rose to 36.66%, while market capitalization gained ₦503.06bn to close at ₦61.94tn.
Analysis of today’s market activities by Coronation Research showed trade turnover settled higher relative to the previous session, with the value of transactions up by 12.24%. A total of 431.78m shares valued at ₦18.26bn were exchanged in 8,369 deals. UBA (+2.86%) led the volume chart with 51.17m units traded, while DANGCEM (+0.00%) led the value chart in deals worth ₦11.14bn
Market breadth closed positive at a 1.71-to-1 ratio with advancing issues outnumbering the declining ones. MRS (+10.00%) topped thirty-five (35) others on the leader’s table while THOMASWY (-10.00%) led twenty (20) others on the laggard’s log.
