In today’s trading session, the All-Share index gained 9bps to settle at 99,221.14 points. Gains in ZENITHBANK (+0.76%), FBNH (+1.10%) and STANBIC (+0.38%) pushed the broader index into the positive terrain, outweighing losses in GTCO (-0.12% ), FIDELITYBK (-5.64%) and NB (-1.97%). Accordingly, the market capitalization gained ₦49.10tn.
Analysis of today’s market activities showed trade turnover settled higher relative to the previous session, with the value of transactions up by 36.55%. A total of 388.02m shares valued at ₦7.35bn were exchanged in 7,106 deals. ACCESSCORP (+0.29%) led the volume chart with 81.03m units traded while ZENITHBANK (+0.76%) led the value chart in deals worth ₦1.43bn.
Market breadth closed positive at a 1.24-to-1 ratio with advancing issues outnumbering declining ones. CHAMS (+10.00%) topped twenty (20) others on the gainer’s log, while ROYALEX (-9.68%) led sixteen (16) others on the laggard’s table.
On the sectoral breakdown, the NGX Insurance Index (+0.84%w/w) led the leaders log, followed by the NGX Consumer Goods Index (+0.33%w/w) and the NGX Industrial Goods Index (+0.00%w/w). On the flip side, the NGX Pension Index (-0.69%w/w), the NGX Banking Index (-0.62%w/w), the NGX 30 Index (-0.21% w/w) and the NGX Oil and Gas Index (-0.18%w/w) closed red.
During the week, selloff in SEPLAT (-1.30% w/w), GTCO (-0.12% w/w), FBNH (-1.92% w/w) were the primary drivers of the weak performance of the broader index, offsetting the gains in ZENITHBANK (+0.76% w/w), STANBIC (+0.38% w/w) and NESTLE (+0.55% w/w).
Consequently, the year-to-date (YTD) return declined 8bps w/w and the market capitalisation lost ₦44.27bn w/w to close at ₦56.13trn.
