Ending the week, the domestic bourse ended the session on a positive note, bringing the All-Share index up by 0.63% week-on-week. The rally in FBNH (+10.57% w/w), STANBIC (+4.79% w/w), ETI (+6.60% w/w), OANDO (+60.71% w/w), and TOTAL (+19.70% w/w) drove the market’s positive performance, despite selloff in MTNN (-9.91% w/w), GTCO (-0.22% w/w) and ACCESSCORP (-4.76% w/w). Accordingly, the market capitalization gained ₦348.35bn w/w to close at ₦55.48trn.
In the last trading session of the week, the domestic bourse gained 18bps, as the benchmark index closed at 96,579.54 points. Investors interest in FBNH (+2.27%), UBA (+4.79%), and STANBIC (+3.45%) outweighed losses in MTNN (-2.17%), GTCO (-0.87%) and ZENITHBANK (-0.26%). As a result, the ASI year-to-date return increased to 29.16%, while the market capitalization gained ₦98.60bn today.
Analysis of today’s market activities showed trade turnover settled higher relative to the previous session, with the value of transactions increasing by 325.55%. A total of 573.96m shares valued at ₦31.58bn were exchanged in 12,754 deals. JBERGER (-1.22) led the volume and value chart with 120.76m units traded in deals worth ₦19.63bn
Market breadth closed positive at a 1.13-to-1 ratio with advancing issues outnumbering declining ones. BERGER (+10.00%) topped twenty-five (25) others on the leader’s log, while ETERNA (-9.95%) led twenty-two (22) others on the laggard’s table.
It was a perfect week on sectoral performance, with the NGX Oil and Gas Index (+8.50%w/w) leading the log, primarily driven by investor interest in OANDO (+60.71% w/w), followed by the NGX Insurance Index (+5.76%w/w), the NGX Consumer Goods Index (+3.48%w/w), the NGX Banking Index (+1.96% w/w), the NGX 30 Index (+1.07%w/w), the NGX pension Index (+0.67%w/w) and NGX Industrial Index (+0.08%w/w).
