Nigerian stock market gains 0.08% on Friday
The Nigerian stock market All share index increased by 0.08% to close at 67,136.58 points on Friday. As a result, the market capitalization increased by ₦121.51 billion in the last week to close at ₦36.89 trillion, and the year-to-date (YTD) return increased to 31.00%.
The only factors driving the market’s performance were buying activity in SEPLAT (+3.70%), ZENITHBANK (+0.60%), and GTCO (+1.00%), outweighing falls in MTNN (-1.00%), WAPCO (-0.88%), and NB (-5.13%). With gains in two (2) of this week’s five (5) trading sessions, the ASI ended the week 0.33% higher.
Gains in ZENITHBANK (+0.76% w/w), NESTLE (+2.94% w/w), and SEPLAT (+3.70% w/w) during the week countered losses in MTNN (-1.20% w/w), GTCO (-0.42% w/w), and STANBIC (-2.59% w/w), preventing a bear market for the whole index.
Trade turnover settled at a greater level than it did on Thursday with a 1.32% increase in transaction value. 5,325 transactions totaling 214.15 million shares, valued at ₦5.18 billion, were completed. With 24.30 million units traded, TRANSCORP (-2.05%) topped the volume chart, while GEREGU (+2.70%) topped the value chart with trades totaling ₦1.36 billion. On the leader’s log, BERGER (+10.00%) was ahead of twenty (20) others, while on the laggard’s table, ACADEMY (-9.90%) was ahead of eighteen (18) others.
