In today’s trading session, the market shed 28bps to close at 97,506.87 points. Investors interest in ZENITHBANK (+1.14%), FBNH (+2.94%), and UBA (+0.62%) were outweighed by losses in SEPLAT (-6.02%), GTCO (-0.09%) and OANDO (-0.61%). As a result, the ASI year-to-date return decreased to 30.40%, while the market capitalization lost ₦167.88bn.
Analysis of today’s market activities showed trade turnover settled higher relative to the previous session, with the value of transactions up by 39.51%. A total of 515.49m shares valued at ₦15.08bn were exchanged in 7,554 deals. FBNH (+2.94%) led the volume chart with 126.02m units traded, while SEPLAT (-6.02%) led in deals worth ₦7.74bn.
Market breadth closed negative at a 0.83-to-1 ratio with declining issues outnumbering the advancing ones. REGALINS (-9.80%) topped twenty-three (23) others on the laggard’s table while ROYALEX (+8.77%) led nineteen (19) others on the leader’s log.
Ending the week, the All-Share index lost 33bps week-on-week as selloffs in index heavyweight MTNN (-1.16% w/w), ARADEL (-1.67% w/w) and SEPLAT (-6.02% w/w) overturned investor’s interest in ZENITHBANK (+0.45% w/w), FBNH (+3.54% w/w) and UBA (+1.08%w/w). Accordingly, the market capitalization lost ₦184.73bn w/w to close at ₦59.11tn.
