The Lagos bourse sustained the winning streak, as the benchmark index up 1.45% to settle at 103,524.44 points. Interest in telco heavyweight, MTNN (+9.98%), along side sustained interest in TRANSPOWER (+2.44%), and GTCO (+2.63%), offsetting selloffs in DANGSUGAR (-5.23%), TRANSCORP (-4.49%) and NASCON (-6.77%), keeping the market in the positive terrain. The year-to-date (YTD) return rose to 38.45%, while market capitalization gained ₦836.58bn to close at ₦58.53trn.
Analysis of today’s market activities showed trade turnover settled lower relative to the previous session, with the value of transactions down by 16.76%. A total of 565.79m shares valued at ₦14.23bn were exchanged in 11,519 deals. TRANSCORP (-4.49%) led the volume chart with 170.72m units traded, while TRANSPOWER (+2.44%) led the value chat with deals worth ₦3.51bn.
Market breadth closed positive at a 2.36-to-1 ratio with advancing issues outnumbering the declining ones. UBA(+10.00%) topped thirty-two (32) others on the leader’s table while TANTALIZER (-7.89%) led thirteen (13) others on the laggard’s log.
Coronation Research
