NGX All-Share Index closes the week 1.09% stronger to settle at 44,492.73 points
In the last trading session of the week, the domestic bourse ended the week on a positive note as the All-Share Index closed 1.09% stronger to settle at 44,492.73 points. Gains in telco heavyweight, MTNN (+4.79%) as well as recovery in Tier-1 banks, ZENITHBANK (+0.23%) and GTCO (+2.37%) pushed the broader index into positive terrain. Having gained in three (3) of five (5) trading sessions this week, the ASI closed 1.19% higher w/w.
Over the course of the week, strong performances across MTNN (+2.60% w/w), ZENITHBANK (+7.02% w/w) and GTCO (+10.83% w/w) were sufficient to offset the selloff in WAPCO (-5.62% w/w), UBA (-0.69% w/w) and DANGSUGAR (-2.76% w/w). Consequently, the year-to-date (YTD) return rose to 4.16%, while the market capitalization gained ₦283.29bn w/w to close at ₦24.23trn.
Analysis of today’s market activities showed trade turnover settled higher relative to the previous session, with the value of transactions up by 45.76%. A total of 146.68m shares valued at ₦1.24bn were exchanged in 3,028 deals. TRANSCORP (+0.91%) led the volume chart with 24.36m units traded while FBNH (+3.77%) led the value chart in deals worth ₦237.35m.
Market breadth closed positive at a 1.55-to-1 ratio with advancing issues outnumbering declining ones. NB (+10.00%) topped sixteen (16) others on the gainer’s table, while FIDSON (-9.34%) led ten (10) others on the laggard’s log.
