In today’s trading session, the domestic bourse gained 32bps, as the benchmark index closed at 97,236.19 points. Investors interest in ARADEL (+10.00%), GTCO (+0.19%), and FBNH (+0.18%) outweighed losses in MTNN (-0.41%), ZENITHBANK (-2.33%) and OANDO (-0.07%). As a result, the ASI year-to-date return increased to 30.04% even as the market capitalization gained ₦188.65bn.
Analysis of today’s market activities showed trade turnover settled lower relative to the previous session, with the value of transactions down by 42.82%. A total of 478.94m shares valued at ₦9.42bn were exchanged in 9,015 deals. STERLINGNG (+2.34%) led the volume chart with 119.35m units traded while ARADEL led the value chart in deals worth ₦1.43bn.
Market breadth closed positive at a 1.22-to-1 ratio with advancing issues outnumbering declining ones. ARADEL (+10.00%) topped twenty-seven (27) others on the leader’s log, while MEYER (-9.98%) led twenty-two (22) others on the laggard’s table.
Ending the week, the All-Share index lost 20bps as selloffs in AIRTELAFRI (-1.96% w/w), MTNN (-3.43% w/w) and GTCO (-3.07% w/w) overturned investor’s interest in ARADEL (+8.91% w/w), ZENITHBANK (+1.82% w/w) and FBNH (+1.11%w/w). Accordingly, the market capitalization lost ₦118.40bn w/w to close at ₦58.92trn.
