Renewed bargain hunting activities at the Nigerian Exchange Limited (NGX) on Wednesday rebounded the market by 1.718 per cent as the market capitalisation settled above N24 trillion. Accordingly, the Year-to-Date gain increased to +4.4 per cent, just as the market capitalisation settled at N24.63 trillion, having added N626 billion. As measured by market breadth, market sentiment was positive as 24 tickers gained relative to 13 losers. Given the bullish sentiment, performance across sub-indices tracked was largely positive, except for the NGX Insurance Index which fell by 0.49 per cent. The NGX Banking Index, NGX Consumer Goods Index, NGX Oil/Gas index and the NGX Industrial Index rose by 0.39 per cent, 0.14 per cent, 1.37 per cent and 3.06 per cent respectively.

Source: Nigerian Tribune January 12, 2022 20:08 UTC