In today’s trading session, the domestic bourse continued with the downtrend, losing 7bps to close at 98,458.68 points. Sell pressure in ZENITHBANK (-0.13%), FBNH (-4.58%) and INTBREW (-6.96%) encumbered gains in GTCO (+1.94%), OANDO (+3.01%), and NB (+0.69%). Accordingly, the ASI year-to-date return slipped to 31.68%, while the market capitalization shed ₦37.28bn.
Analysis of today’s market activities showed trade turnover settled higher relative to the previous session, with the value of transactions up by 0.72%. A total of 797.21m shares valued at ₦6.66bn were exchanged in 7,764 deals. JAPAULGOLD (+6.67%) led the volume and value chart with 591.19m units traded in deals worth ₦1.47bn
Market breadth closed negative at a 0.88-to-1 ratio with declining issues outnumbering the advancing ones. CAVERTON (-9.76%) topped twenty (20) others on the laggard’s table, while BETAGLAS (+10.00%) led twenty-three (23) others on the gainer’s log.
Sectoral performance was mixed with the NGX Oil and Gas Index (+3.28%w/w) leading the gainers log, followed by the NGX Banking Index (+2.45%w/w), the NGX 3Pension Index (+1.45%w/w), the NGX Insurance Index (+1.43% w/w) and the NGX 30 Index (+0.40%w/w). Contrarily, the NGX Consumer Goods Index (-0.15%w/w) and NGX Industrial Index (-0.04%w/w) closed down for the second week in a roll.
Meanwhile, this week, the All-Share index gained 21bps as investor’s interest in SEPLAT (+10.00% w/w), FBNH (+2.36% w/w) and UBA (+6.19% w/w) bolstered the market’s performance, overriding selloffs in MTNN (-4.40% w/w), GTCO (-0.21% w/w) and ZENITHBANK (-0.53%w/w). As a result, the market capitalization gained ₦121.07bn w/w to close at ₦56.58trn.
