Equities Market Opens Week With N43.44bn Gain
The equities market of the Nigerian Exchange (NGX) opened this week trading activities on a positive note, as the market capitalisation gained N43.44billion to close at N26.90trillion.
The local bourse also extended gains from last week as the benchmark index closed 0.16 per centstronger to settle at 49,396.04 points.
Buy interests in index heavyweight BUAFOODS (+2.52%), alongside Tier-1 banks, GTCO (+3.35%), ACCESSCORP (+1.18%), UBA (+0.68%) outweighed losses in ZENITHBANK (-0.41%) and FBNH (-0.46%) to keep the market in the green.
Consequently, the year-to-date (YTD) return rose to 15.64 per cent.
Analysis of tyesterday’s market activities showed trade turnover settled lower relative to the previous session, with the value of transactions down by 36.57 per cent.
A total of 69.14million shares valued at N1.27billion were exchanged in 3,174 deals. GTCO (+3.35%) led the volume and value charts with 16.61million units traded in deals worth N352.21million.
Market breadth closed negative at a 1.11-to-1 ratio with declining issues outnumbering advancing ones. PZ (-7.26%) topped nine (9) others on the laggard’s log, while INTBREW (+5.81%) led eight (8) others on the gainer’s table.
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