Nigerian stock exchange All-Share Index ends the week with 0.12% gain w/w
The Nigerian Exchange closed the week’s trading session on a high note, increasing the All-Share index by 0.34% to close at 52,466.52 points. The market remained positive as gains in SEPLAT (+5.35%), ZENITHBANK (+0.21%), and GTCO (+0.21%) more than offset losses in MTNN (-0.04%). As a result, the ASI closed 0.12% higher week-over-week after rising in two of the four trading sessions this week.
The gains in MTNN (+0.09% w/w), SEPLAT (+5.35% w/w), and ZENITH (+5.48% w/w) during the course of the week were enough to counteract the losses in GTCO (-3.22% w/w), STANBIC (-0.13% w/w), and GEREGU (-10.00% w/w). The year-to-date (YTD) return increased to 2.37% as a result, and the market capitalization increased by N34.31 billion weekly to close at N28.57 trillion.
A review of today’s market activity revealed that trade turnover was lower than it had been during the previous session, with a 19.49% decrease in transaction value. In total, 5,298 transactions included 482.59 million shares worth N5.64 billion. With 168.78 million units traded in transactions totaling N1.85 billion, ACCESSCORP (+5.14%) topped the volume and value charts.
At a ratio of 3.22 to 1, the market breadth closed in the positive, with more rising issues than declining ones. On the leader’s log, CUSTODIAN (+9.65%) outperformed twenty-eight (28) other companies, while TRANSCORP (-9.77%) outperformed eight (8) other companies on the laggard’s table.
