This week, the local bourse ended on a positive terrain as it closed 0.71% higher. The rally was buoyed by positive sentiment in Teir-1 banking tickers ZENITHBANK (+8.27% w/w) UBA (+6.43% w/w) and ACCESSCORP (+8.12% w/w), outweighing losses in MTNN (-4.04% w/w) FBNH (-1.74% w/w) and STANBIC (-0.38% w/w) . Consequently, the year-to-date (YTD) return rose to 33.64%, while the market capitalization gained ₦398.42bn w/w to close at ₦56.53trn.
Today, the domestic bourse ended the session green, raising the All-Share index up by 9bps to close at 99,925.38 points. Sustained investors interest in GTCO (+0.36%), NESTLE (+1.65% ) and WAPCO (+5.59%) bolstered the market’s positive performance, outweighing negative sentiment in FBNH (-1.74% ), UBA (-2.83% ) and STANBIC (-2.80%). Predictably, the market capitalization gained ₦52.63tn.
Analysis of today’s market activities showed trade turnover settled lower relative to the previous session, with the value of transactions down by 42.79%. A total of 318.10m units of shares valued at ₦4.95bn were exchanged in 7,302 deals. STERLINGNG (+3.13%) led the volume chart with 42.26m units traded, while ZENITHBANK (+0.00%) led the value table in deals worth ₦1.01bn.
Market breadth closed positive at a 1.82-to-1 ratio with advancing issues outnumbering declining ones. GUINNESS (+9.95%) topped thirty (30) others on the gainer’s log, while ACADEMY (-9.85%) led sixteen (16) others on the laggard’s table.
On the sectoral breakdown, all sector closed green, led by the NGX Oil and Gas Index (+5.28%w/w), followed by NGX Banking Index (+3.63%w/w), the NGX Insurance Index (+3.42%w/w), the NGX Pension Index (+2.94%w/w), the NGX Consumer Goods Index (+1.05%w/w) and the NGX 30 Index (+0.86% w/w) and the NGX Industrial Goods Index (+0.27%w/w).
