Ending the week on a positive note, the All-Share index gained 106bps week-on-week as rally in MTNN (+7.37% w/w), OANDO (+9.40% w/w) and FBNH (+31.52% w/w) outweighed selloffs in TRANSPOWER (-9.99% w/w), STANBIC (-1.54% w/w) and DANGSUGAR (-2.23% w/w). Accordingly, the market capitalization gained ₦607.77bn w/w to close at ₦56.00trn.
In today’s trading session, the domestic bourse gained 44bps, as the benchmark index closed at 97,456.62 points. Investors interest in GTCO(+0.77%), ZENITHBANK (+2.70%), and FBNH (+9.85%) outweighed losses in MTNN (-0.16%), OANDO (-1.82%) and UBA (-0.84%). As a result, the ASI year-to-date return increased to 30.34%, while the market capitalization gained ₦247.93bn today.
Analysis of today’s market activities showed trade turnover settled lower relative to the previous session, with the value of transactions down by 18.90%. A total of 412.90m shares valued at ₦6.47bn were exchanged in 8,803 deals. JAPAULGOLD (-0.38) led the volume chart with 105.65m units traded, while FBNH led the value chart in deals worth ₦1.24bn
Market breadth closed positive at a 1.63-to-1 ratio with advancing issues outnumbering declining ones. FLOURMILL (+9.99%) topped thirty (30) others on the leader’s log, while DAARCOMM (-9.72%) led eighteen (18) others on the laggard’s table.
It was a perfectly positive week for sectoral performance, with the NGX Banking Index (+5.12%w/w) led the log, followed by the NGX Pension Index (+2.45%w/w), the NGX Oil and Gas Index (+2.00%w/w), the NGX Insurance Index (+1.59% w/w), the NGX Consumer Goods Index (+1.47%w/w), the NGX 30 Index (+0.82%w/w) and NGX Industrial Index (+0.17%w/w).
