Recovering from the previous weekly losses, the Lagos bourse gained 0.87% week-on-week as gains in telco giant, AIRTELAFRI (4.76% w/w) as well as ACCESSCORP (+1.84%) outweighed selling pressure in blue chip GTCO (-1.21% w/w), ZENITHBANK (-0.13% w/w) and FBNH (-0.90% w/w). Consequently, the year-to-date (YTD) return rose 116bps w/w and the market capitalization, ₦320.84bn w/w to close at ₦56.93trn.
In today’s trading session, the All-Share index gained 4bps to settle at 100,539.40 points. Selloff in GTCO (-0.77%), ZENITHBANK (-0.54%) and FBNH (-3.29%) were encumbered by demand in MTNN (+1.99%), TRANSCORP (+0.42%) and FIDELITYBK (+1.42%), driving the positive performance. Accordingly, the market capitalization gained ₦831.64m today.
Analysis of today’s market activities showed trade turnover settled higher relative to the previous session, with the value of transactions up 9.98%. A total of 603.88m shares valued at ₦9.16bn were exchanged in 9,988 deals. FCMB (+3.25%) led the volume chart with 114.12m units traded while UCAP (+1.63%) led the value chart in deals worth ₦2.29bn.
Market breadth closed negative at a 0.57-to-1 ratio with declining issues outnumbering advancing ones. CUTIX (-8.55%) topped twenty-seven (27) others on the laggard’s log, while SOVRENINS (+4.26%) led fifteen (15) others on the gainer’s table.
