Today, the NGX closed 1.08% stronger, buoyed by interests in DANGCEM (+4.57%), TRANSCOHOT (+9.71%), and UACN (+10.00%) offset selloffs in MANSARD (-7.19%), UNIONDICON (-10.00%) and OANDO (-1.27%) keeping the market in the positive terrain, while gaining ₦996.83bn.
Analysis of today’s market activities showed trade turnover settled lower relative to the previous session, with the value of transactions down by 22.70%. A total of 361.60m shares valued at ₦14.84bn were exchanged in 11,051 deals. ZENITHBANK (+2.81%) led the volume and value charts with 59.46m units traded in deals worth ₦3.64bn.
Market breadth closed positive at a 2.11-to-1 ratio with advancing issues outnumbering the declining ones. UACN (+10.00%) topped thirty-nine (39) others on the leader’s table while UNIONDICON (-10.00%) led eighteen (18) others on the laggard’s log.
NGX Summary
Closing the week, the local bourse ended the session on a positive note, bringing the All-Share index up by 2.45% to close at 147,040.26 points.
Over the course of the week, strong performances in MTNN (+1.20% w/w), GTCO (+2.25% w/w) , and ZENITHBANK (+0.42% w/w) drove the market’s positive performance, outweighing losses in BUA CEMENT (-4.76% w/w), OANDO (-1287% w/w), and UBA (-1.22% w/w). Consequently, the year-to-date (YTD) return rose to 42.86% from 41.34% recorded in the prior session, while the market capitalisation gained ₦2.45trn w/w to close at ₦93.72trn.
NASD Summary
The NASD closed today’s session on a bearish note, with the NASD Securities Index (NSI) and market capitalisation dropping by 0.54%, to close at 3,552.12 points and N2.13trn, respectively.
The market activity closed on a positive note, with both transaction volume and value increasing by 322.54% and 12.12% respectively.
SD11PLC (-11.03%) was the only decliner recorded in today’s session.
