In today’s trading session at the local bourse, bearish sentiment dominated the market leading to an 8bps decline in the index on the backdrop of profit taking in ZENITHBANK (-1.08%), OANDO (-0.79%) and FBNH (-2.74%).
Trade turnover settled higher relative to the previous session, with the value of transactions up by 51.31%. A total of 1.48bn shares valued at ₦19.39bn were exchanged in 12,877 deals. WEMABANK (-1.79%) led the volume and value charts with 976.24m units worth ₦9.77bn.
Market breadth closed negative at a 1.25-to-1 ratio with advancing issues outnumbering the advancing ones. CILEASING (+10.00%) topped twenty-nine (29) others on the leader’s table while SUNUASSUR (-9.99%) led twenty-three (23) others on the laggard’s log.
Weekly Performance
In the meantime, market closed the week positive as the All Share Index gained 1.80% week-on-week to close at 105,451.06 points.
Over the course of the week, buying interest in MTNN (+21.00% WoW), TRANSCORP (+18.39% WoW), and TRANSCOHOT (+9.78% WoW) outweighed selloffs leaving the market’s index in a positive position.
Consistently, the year-to-date (YTD) return closed at 2.45% while the market capitalization added ₦1.1tn WoW to close at ₦64.30tn.
