NGX All-Share Index ends the week strong gaining 0.09% to settle at 47,569.04 points with 0.46% w/w
In the last trading session of the week, the domestic bourse recovered as the All-Share Index gained 0.09% to settle at 47,569.04 points, the highest point since 6 October. Gains in ZENITHBANK (+2.30%) and GTCO (+5.60%) pushed the broader index into positive terrain. Having gained in two (2) of four (4) trading sessions this week, the ASI closed 0.46% higher w/w, ending five consecutive weekly losses.
Over the course of the week, strong performances across BUACEMENT (+8.65% w/w), ZENITHBANK (+2.30% w/w), UBA (+2.22% w/w), and ACCESSCORP (+5.26% w/w) were sufficient to offset the selloffs in SEPLAT (-4.00% w/w), NB (-4.03% w/w), FBNH (-4.04% w/w) and GEREGU (-9.02% w/w). Consequently, the year-to-date (YTD) return rose to 11.36%, while the market capitalization gained ₦116.04bn w/w to close at ₦25.91trn.
Analysis of today’s market activities showed that trade turnover settled higher relative to the previous session, with the value of transactions increasing by 104.36%. A total of 124.43m units of shares valued at ₦4.27bn were exchanged in 3,101 deals. GTCO (+5.60%) led the volume chart with 35.00m units traded while MTNN (+0.00%) led the value chart in deals worth ₦1.21bn.
Market breadth closed positive at a 1.75-to-1 ratio, with advancing ones outnumbering declining ones. HONYFLOUR (+9.86%) led thirteen (13) others on the gainer’s table, while ACADEMY (-9.66%) topped seven (7) others on the laggard’s log. SOURCE: Coronation Securities Limited
