Nigerian stock market’s NGX All-Share Index ends the week up by 5.49% w/w
The All-Share Index fell by 0.33% to close at 59,000.96 points on Friday. It however closed 5.49% higher w/w, up in two out of the four trading sessions this week. As a result, the year-to-date (YTD) return decreased to 15.12% while the market capitalization increased N1.67 billion week over week to close at N32.13 trillion.
Market movers included declines in ZENITHBANK (-3.28%), GTCO (-3.92%), and STANBIC (-3.70%) that were offset by increases in NB (+3.29), ETI (+0.98%), and FIDELITYBK (+0.43%), maintaining the market’s performance as a whole in the negative.
The largest contributors to the broader index’s good performance during the week were AIRTELAFRI (+7.78% w/w), MTNN (+9.60% w/w), and DANGCEM (+0.35% w/w), which outperformed declines in BUACEMENT (-6.52% w/w), ARDOVA (-5.06% w/w), and HONYFLOUR (-7.14% w/w).
Trade turnover was lower than it had been with a 57.61% decrease in transaction value. In the end, 9,417 transactions totaling 622.42 billion shares worth 6.51 billion pounds were completed. With 46.27 million units exchanged, UBA (+0.00%) dominated the volume chart, while ZENITHBANK (-3.28%) topped the value table with transactions totaling 1.21 billion.
On the laggard’s log, NEM (-9.87%) outperformed twenty (20) others, while WAPIC (+10.00%) outperformed nineteen (19) others on the leader’s table.
