Business and Economy

Daily Market Wrap: NGX All-Share Index gains 2bps to close at 49,171.70 points on Wednesday Trading

The domestic bourse ended the session mixed albeit with a bullish tilt as the benchmark Index managed to eke out a meager 0.02% gain to close at 49,171.70 points. Gains in BUACEMENT (+3.07%) drove the market into the green despite losses in ZENITHBANK (-1.49%) GTCO (-4.00%) and ACCESSCORP (-2.98%). Consequently, the year-to-date (YTD) return rose to 15.11%, as market capitalization gained ₦12.47bn to close at ₦26.53trn.

Analysis of today’s market activities showed trade turnover settled lower relative to the previous session, with the value of transactions decreasing by 25.36%. A total of 101.57m shares valued at ₦1.20bn were exchanged in 3,981 deals. GTCO (-4.00%) led the volume and value charts with 14.34m units traded in deals worth ₦259.04m.

Market breadth closed negative at a 2.86-to-1 ratio with declining issues outnumbering advancing ones. JAPAULGOLD (-10.00%) topped nineteen (19) others on the laggard’s table, while CHAMS (+8.00%) led six (6) others on the leader’s log. Find below key highlights of market activities

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