NGX All-Share Index rose 0.09% on Friday but suffers 0.70% weekly loss w/w
The Nigerian equities market was bullish today as the All-Share Index (ASI) rose 0.09% to close at 49,695.12 points. UBA (+3.42%), WAPCO (+1.84%) and ACCESSCORP (+2.31%) were the major drivers of the market’s performance. However, having lost in three (3) of five (5) trading sessions this week, the ASI closed 0.70% lower w/w, offsetting most of the gains of the prior week.
Over the course of the week, selloffs in AIRTELAFRI (-1.96% w/w), STANBIC (-9.09% w/w) and ZENITHBANK (-6.74% w/w) were the primary drivers of the broad index’s weak performance. As a result, the ASI’s year-to-date (YTD) return fell to 16.34%, while the market capitalisation lost ₦188.94bn w/w to close at ₦26.80tn.
Analysis of today’s market activities showed trade turnover settled higher relative to the previous session, with the value of transactions increasing by 14.60%. A total of 319.09m shares valued at ₦1.86bn were exchanged in 3,335 deals. STERLNBANK (+0.00%) led the volume charts with 173.84m units traded while UBA (+3.42%) led the value charts in deals worth ₦400.61m.
Market breadth closed negative at a 1.60-to-1 ratio with declining issues outnumbering advancing ones. HONYFLOUR (-10.00%) topped fifteen (15) others on the laggard’s table, while NEM (+7.62%) led nine (9) others on the leader’s log . Find below key highlights of market activities
