BY BAMIDELE FAMOOFO
The domestic bourse sustained the Santa Claus rally on Thursday, crossing the 50,000 psychological mark.
The benchmark index gained 0.78 percent to settle at 50,300.00 points, the highest point since 08 August.
Market capitalization also closed higher as it gained N212.32 billion to close at N27.40 trillion.
Investors interests in MTNN (+0.47%), NESTLE (+10.00%), SEPLAT (+4.76%), NB (+9.04%) and GEREGU (+10.00%) buoyed the broad market’s strong performance. Consequently, the year-to-date (YTD) return rose to 17.75 percent.
Analysis of today’s market activities showed trade turnover settled higher relative to the previous session, with the value of transactions up by 102.36%. A total of 490.48 million shares valued at N7.75 billion were exchanged in 4,480 deals. FBNH (-6.36%) led the volume chart and value charts with 271.36m units traded in deals worth N3.20 billion.
Market breadth closed positive at a 3.88-to-1 ratio with advancing issues outnumbering declining ones.
NESTLE (+10.00%) topped thirty-one (31) others on the gainer’s log, while LIVESTOCK (-8.40%) led eight (8) others on the laggard’s table.
