In today’s trading session, the domestic bourse recouped some losses from the prior sessions, gaining 13bps to close at 97,606.63 points. Gains in MTNN (+0.53%), GTCO (+2.19%), and FBNH (+1.76%) offset selloffs in ZENITHBANK (-0.13%), UBA (-0.19%) and OANDO (-2.71%). Accordingly, the ASI year-to-date return increased to 30.54%, while the market capitalization gained ₦74.38bn.
Analysis of today’s market activities showed trade turnover settled higher relative to the previous session, with the value of transactions up by 20.33%. A total of 304.43m shares valued at ₦5.60bn were exchanged in 6,950 deals. ACCESSCORP (+0.25%) led the volume and value chart with 68.26m units traded in deals worth ₦1.34bn
Market breadth closed positive at a 1.67-to-1 ratio with advancing issues outnumbering the declining ones. STERLINGNG (+9.45%) topped twenty-nine (29) others on the leader’s table, while DEAPCAP (-9.93%) led seventeen (17) others on the laggard’s log.
This week, the All-Share index gained 21bps as investor’s interest in MTNN (+0.37% w/w), SEPLAT (+5.09% w/w) and FBNH (+4.00% w/w) bolstered the market’s performance, overriding selloffs in GTCO (-0.20% w/w), ZENITHBANK (-0.13% w/w) and UBA (-3.11%w/w). As a result, the market capitalization gained ₦49.53bn w/w to close at ₦56.09trn.
