NGX All-Share Index opens the week bullish and rebounds by 0.39% to settle at 49,218.35 points
| Opening the week, the local bourse rebounded, up 0.39% – the highest single-day gain in the month – recovering some prior week losses to settle at 49,218.35 points. Renewed investor interest in BUACEMENT (+5.43%), ZENITHBANK (+0.25%) and GTCO (+1.89%) were the primary drivers of the overall market’s strong performance. Consequently, the year-to-date (YTD) return rose to 15.22%, while market capitalization gained ₦103.42bn to close at ₦26.55trn. Analysis of today’s market activities showed trade turnover settled lower relative to the previous session, with the value of transactions declining by 73.22%. A total of 119.28m shares valued at ₦854.76m were exchanged in 3,580 deals. COURTVILLE (+0.00%) led the volume chart with 24.36m units traded, while ZENITHBANK (+0.25%) led the value chart in deals worth ₦177.13m. Market breadth closed negative at a 1.42-to-1 ratio with declining issues outnumbering advancing ones. ACADEMY (-10.00%) topped sixteen (16) others on the laggard’s table, while MULTIVERSE (+9.93%) led eleven (11) others on the leader’s log. Find below key highlights of market activities. |
