Nigerian stock market ends the week high with 0.87% gain
The Nigerian stock market rebounded from the previous week’s losses, with the All-Share index gaining 0.87% week-on-week. This was driven by gains in telco giant, AIRTELAFRI (4.76% w/w) and ACCESSCORP (+1.84%), despite selling pressure in blue chip stocks like GTCO, ZENITHBANK, and FBNH. As a result, the year-to-date return rose 116bps w/w and the Nigerian stock market capitalization increased by ₦320.84bn w/w to close at ₦56.93trn.
In today’s Nigerian stock market trading session, the All-Share index gained 4bps to settle at 100,539.40 points. Selloff in GTCO, ZENITHBANK, and FBNH were offset by demand in MTNN, TRANSCORP, and FIDELITYBK, leading to a positive performance. The market capitalization gained ₦831.64m today.
Today/s Nigerian stock market Trade turnover was higher relative to the previous session, with the value of transactions up 9.98%. A total of 603.88m shares valued at ₦9.16bn were exchanged in 9,988 deals. FCMB led the volume chart with 114.12m units traded, while UCAP led the value chart in deals worth ₦2.29bn. CUTIX topped twenty-seven others on the laggard’s log, while SOVRENINS led fifteen others on the gainer’s table.
