In today’s session, the market closed positive with the NGX ASI and market capitalisation gaining 0.54%, respectively. However, market activity was mixed, with transaction volume rising by 11.41% while value of trades was down by 58.93%. FIDELITYBK (-0.98%) dominated volume chart with 47.34mn, while SEPLAT led the value chart with N1.29bn worth of trades.
Market breadth closed negative at 0.86x, reflecting more decliners than gainers. DANGCEM (+6.48%) led the twenty-three (23) gainers, while MEYER (-9.85%) topped the twenty-eight (2) laggards, with the rest of the stocks closing flat.
NGX Summary
The Lagos bourse sustained its bullish momentum from the previous week, as the NGX All Share Index (ASI) rose by 2.37% w/w, to close at 146,988.04 points. This led to an uplift in the year-to-date (YTD) return to 42.81% from the 39.50% recorded in the previous week. The market capitalisation also added N2.16trn w/w, settling at N93.30trn.
The bullish momentum was driven by notable demand in heavyweight stocks such as DANGCEM (+9.50% w/w), MTNN (+10.82% w/w), SEPLAT (+10.00% w/w), which outweighed selloffs recorded in TRANSCORP (-3.15% w/w), OANDO (-4.36% w/w), and ACCESSCORP (-1.89% w/w).
Sectoral performance was broadly positive, with only the Banking Index (-0.41% w/w) closing in the negative territory. Conversely, the Industrial Goods Index (+4.23% w/w) led the gainers’ table, followed by Insurance (+3.69% w/w), Oil & Gas (+2.90% w/w), and Consumer Goods (+0.83% w/w) indices.
NASD Summary
The NASD closed the week positive, with the NASD OTC Securities Index (NSI) and market capitalisation rose by 0.08% w/w, closing at 3,451.40 points and N2.07trn, respectively.
The market also closed lower today, down by 0.54%. However, market activity improved sharply, as transaction volume increased by 50.33% while value surged by 3,992.52%.
SDAGMBANK (+8.04%) topped the market gainers, while SDACORN (-0.77%) led the laggards’ log.
