In today’s trading session, the NGX All-Share Index gained 23bps to close at 96,433.53 points. Gains in ZENITHBANK (+1.35%), FBNH (+0.23%) and STANBIC (+0.86%) encumbered losses in MTNN (-0.56%), GTCO (-0.22%) and WAPCO (-3.20%). As a result, the market capitalization gained ₦128.31m.
A breakdown of the analysis of today’s market activities showed trade turnover settled higher relative to the previous session, with the value of transactions up, 25.71%. A total of 392.51m shares valued at ₦12.02bn were exchanged in 7,981 deals. JAIZBANK (+1.85%) led the volume chart with 54.37m units traded, while DANGCEM (+0.00%) led the value chart in deals worth ₦3.57bn.
Market breadth closed positive at a 2.12-to-1 ratio with advancing issues outnumbering declining ones. OANDO (+10.00%) led thirty-five (35) others on the leader’s log while DEAPCAP (-9.62%) topped sixteen (16) others on the laggard’s table.
Across the NGX sectors, the NGX Insurance Index (-4.45%w/w) led the laggards log, followed by the NGX Consumer Goods Index (-1.17%w/w), the NGX Pension Index (-0.46%w/w), the NGX 30 Index (-0.28%w/w), the NGX Industrial Index (-0.17%w/w) and the NGX Banking Index (-0.12% w/w). On the flip side, the NGX Oil and Gas Index (+1.52%w/w) closed positive.
The Lagos bourse closed the week lower by 0.15%. Over the course of the week, selloffs in ZENITHBANK (-1.96% w/w), FBNH (-2.00% w/w) and ACCESSCORP (-1.05% w/w) drove the weak performance, outweighing gains in UBA (+2.40% w/w), STANBIC (+2.64% w/w) and NESTLE (+0.62% w/w). Accordingly, the ASI year-to-date (YTD) return shed 20bps to 28.97%, while the market capitalization lost ₦83.55b w/w to close at ₦55.39trn.
Coronation
