NGX All-Share Index closes positive on Thursday, gains 0.05%
The Nigerian stock market nudged slightly higher, as the benchmark index up 0.05% to settle at 104,056.21 points. Renewed investors interest in FBNH (+4.32%), alongside sustained interest in ACCESSCORP (+1.52%), and DANGSUGAR (+3.81%), offsetting selloffs in MTNN (-0.40%), GTCO (-0.79%) and ZENITHBANK (-1.28%), keeping the market in the green. The year-to-date (YTD) return rose to 39.16%, while market capitalization gained ₦27.64bn to close at ₦58.83trn.
Analysis of today’s market activities showed trade turnover settled lower relative to the previous session, with the value of transactions down by 18.76%. A total of 226.31m shares valued at ₦7.41bn were exchanged in 5,823 deals. FBNH (-4.32%) led the volume chart with 28.56m units traded, while NESTLE (+0.00%) led the value chat with deals worth ₦1.00bn.
Market breadth closed negative at a 0.86-to-1 ratio with declining issues outnumbering the advancing ones. INTENEGINS (-10.00%) topped twenty (20) others on the laggard’s table while ROYALEX (+9.72%) led seventeen (17) others on the laggard’s log. Coronation MB
