Today, Nigerian equities extended gains for the fourth consecutive session as the All-Share index gained 0.73% to close at 44,788.14 points. Renewed appetite for BUACEMENT (+10.00%) outweighed losses in telco giant, MTNN (-0.25%) as well as Tier-1 banking names, ZENITHBANK (-1.25%), GTCO (-0.54%) and FBNH (-4.17%) keeping the market in the positive terrain. As a result, the ASI’s year-to-date (YTD) return increased to 4.85%, while the market capitalization gained ₦178.40bn to close at ₦24.39trn.
Analysis of today’s market activities showed trade turnover settled higher relative to the previous session, with the value of transactions up by 25.84%. A total of 159.21m shares valued at ₦2.73bn were exchanged in 3,385 deals. MBENEFIT (+0.00%) led the volume chart with 47.43m units while AIRTELAFRI (+0.00%) led the value chart in deals worth ₦1.01bn.
Market breadth closed negative at a 2.25-to-1 ratio with declining issues outnumbering advancing ones. MULTIVERSE (-8.50%) topped seventeen (17) others on the laggard’s table, while BUACEMENT (+10.00%) led seven (7) others on the leader’s log.