In today’s trading session, the All-Share index gained 20bps to settle at 99,671.28 points. Renewed demand for SEPLAT (+7.18%), GTCO (+0.66%) and FIDELITYBK (+1.91%) outweighed selloff in ZENITHBANK (-0.13%), FBNH (-1.55%) and UBA (-1.09%) pushing the market to the green. Accordingly, the market capitalisation gained ₦172.88b today.
Analysis of today’s market activities showed trade turnover settled higher relative to the previous session, with the value of transactions up 25.20%. A total of 420.90m shares valued at ₦6.82bn were exchanged in 7,617 deals. FIDELITYBK led the volume chart with 96.62m units traded while GTCO led the value chart in deals worth ₦1.94bn.
Market breadth closed negative at a 0.91-to-1 ratio with declining issues outnumbering the advancing ones. REDSTAREX (-9.80%) topped twenty-one (21) others on the laggard’s table while CUTIX (+10.00%) led nineteen (19) others on the leader’s log.
On the sectors, the NGX Banking Index (-2.08%w/w) led the laggards, followed by the NGX Pension Index (-1.22%w/w), the NGX 30 Index (-0.52%w/w), the NGX Insurance Index (-0.36% w/w) and the NGX Consumer Goods Index (-0.09%w/w). On the flip side, the NGX Oil and Gas Index (+1.38%w/w) and the NGX Industrial Index (+0.05%w/w) closed green.
Closing the week, the Lagos bourse lost 35bps week-on-week as sell pressure in SEPLAT (-1.71% w/w), GTCO (-3.91% w/w) and ZENITHBANK (-1.20% w/w) offset demand for AIRTELAFRI (+0.14% w/w), WAPCO (+0.83% w/w) and DANGSUGAR (+2.72% w/w). Consequently, the year-to-date (YTD) return declined to 33.30% , the market capitalisation lost ₦139.89bn w/w to close at ₦56.44trn.
Coronation
