Equities market closed Friday with market capitalisation of N30.45 trillion as against N30.38 trillion recorded at the close of the first week’s day trading on Monday. The NGX All Share Index (ASI) also followed the same trend: 55,930.97 and 55,806.71 points respectively.
During the week, AIRTELAFRI (+1.79% w/w), MTNN (+0.04% w/w) and STANBIC (+2.27% w/w) led the market’s gains. On the flip side, ZENITHBANK (-2.10%/ w/w), GEREGU (-0.61% w/w) and GTCO (-1.23% w/w) contributed to the market’s losses.
Consequently, the year-to-date (YTD) return fell to 9.13%, while the market capitalization gained N60.11bn w/w to close at N30.45trn.
In the last trading session of the week, the domestic bourse maintained the bearish trend as the All-Share Index declined by 0.05% to close at 55,930.97 points.
A total turnover of 2.196 billion shares worth N45.971 billion in 31,655 deals was traded last week by investors on the floor of the Exchange, in contrast to a total of 2.586 billion shares valued at N46.643 billion that exchanged hands last week in 35,122 deals.
On market movers, extended selloffs in DANGCEM (-1.05%), alongside UBN (-2.08%), and FIDELITYBK (-0.35%) offset the gains in GTCO (+0.36%), ACCESSCORP (+1.17%) and FBNH (+4.44%) keeping the market’s overall performance in the red. Having gained in one of five trading sessions this week, the ASI closed 0.19% higher week-on-week.
Analysis of Friday’s market activities showed trade turnover settled lower relative to the previous session, with the value of transactions down by 20.79%. A total of 574.74m shares valued at N6.09bn were exchanged in 6,595 deals. FCMB (+2.00%) led volume and value charts with 204.81m units traded in deals worth N941.96m.
Market breadth closed positive at a 2.00-to-1 ratio with advancing issues outnumbering declining ones. NEM (+10.00%) topped twenty-five (25) others on the leader’s table, while CONOIL (-9.95%) led twelve (12) others on the losers table.
