Today, the NGX closed 1.00% stronger, buoyed by interests in MTNN (+7.26%), GUINNESS (+10.00%), and NASCON (+8.17%) offset selloffs in EUNISELL (-9.89%), CHELLARAM (-9.90%) and ETRANZACT (-10.00%). keeping the market in the positive terrain, with the market capitalisation gaining N945.20bn today.
Analysis of today’s market activities showed trade turnover settled higher relative to the previous session, with the value of transactions up by 135.87%. A total of 571.69m shares valued at N29.04bn were exchanged in 20,418 deals. ACCESSCORP (-0.50%) led the volume chart with 106.07m units traded, while TRANSPOWER (+0.00%) led the value chart in deals worth N13.13bn.
Market breadth closed positive at a 1.20-to-1 ratio with advancing issues outnumbering the declining ones. GUINNESS (+10.00%) topped twenty-nine (29) others on the leader’s table while ETRANZACT (-10.00%) led twenty-four (24) others on the laggard’s log.
NGX Summary
Closing the week, the local bourse ended the session on a positive note, bringing the All-Share index up by 1.63% w/w to close at 149,433.25 points.
Over the course of the week, strong performances in MTNN (+12.98% w/w), GTCO (+1.01% w/w) , and ZENITHBANK (+2.89% w/w) drove the market’s positive performance, outweighing losses in ACCESSCORP (-6.51% w/w), OANDO (-0.51% w/w), and UBA (-0.75% w/w).
Consequently, the year-to-date (YTD) return rose to 45.18% from 42.86% recorded in the prior session, while the market capitalization gained N1.54trn w/w to close at N95.26trn.
NASD Summary
The NASD market closed today’s session on a bullish note, with the NASD Securities Index (NSI) and market capitalisation declining by 0.62%, to close at 3,600.43 points and N2.15trn respectively.
The market activity improved notably, with transaction volume and value rising by 6.21% and 265.06% respectively.
SDCSCSPLC (+6.37%) topped the market gainers while, SDGOLDEN (-11.11%) was the only the decliner in today’s session.
