The financial sector maintained its dominance in volume terms with 663.8 million shares valued at N5.5 billion traded in 7,240 deals, contributing 81.5 per cent to the total equities turnover.
On the whole, a turnover of 814.1 million shares worth N12.2 billion was recorded in 15,488 deals by investors on the floor of the exchange, in contrast to a total of 1.2 billion units valued at N15.2 billion that changed hands in 15,317 deals on December 9, 2022. “Therefore, investors should target companies with a consistent track record of dividend payment with strong fundamentals and growth prospects that will support further price appreciation and payout.”
On the price movement chart, bargain hunting in some banking stocks namely and WAPCO causing the MTD and YTD returns to increase to +3.5 per cent and +15.5 per cent, respectively.