In today’s trading session, the domestic bourse gained 25bps, as the benchmark index closed at 98,247.99 points. Investors interest in MTNN (+4.06%), GTCO (+2.70%), and ZENITHBANK (+2.43%) outweighed losses in FBNH (-9.98%), UBA (-1.62%) and ACCESSCORP (-3.06%). As a result, the ASI year-to-date return increased to 31.39%, while the market capitalisation gained ₦140.46bn today.
Analysis of today’s market activities showed trade turnover settled lower relative to the previous session, with the value of transactions down by 10.91%. A total of 554.22m shares valued at ₦10.12bn were exchanged in 8,670 deals. FBNH led the volume and value chart with 151.90m units traded in deals worth ₦4.37bn
Market breadth closed positive at a 1.74-to-1 ratio with advancing issues outnumbering declining ones. FIDSON (+10.00%) topped thirty-three (33) others on the leader’s log, while FBNH (-9.98%) led eighteen (18) others on the laggard’s table.
Sectoral performance was mixed with the NGX Pension Index (+1.89%w/w) leading the gainers log, followed by the NGX Banking Index (+1.26%w/w), the NGX 30 Index (+1.09%w/w), the NGX Insurance Index (+0.86% w/w) and the NGX Oil and Gas Index (+0.02%w/w). Contrarily, the NGX Consumer Goods Index (-0.77%w/w) and NGX Industrial Index (-0.13%w/w) closed down.
Meanwhile, ending the holiday shortened week, the All-Share index gained 81bps week-on-week as rally in MTNN (+3.95% w/w), GEREGU (+15.00% w/w) and GTCO (+3.26% w/w) outweighed selloffs in ZENITHBANK (-0.26% w/w), OANDO (-7.36% w/w) and FBNH (-5.17%w/w). Accordingly, the market capitalisation gained ₦454.86bn w/w to close at ₦56.47trn.
Coronation
