Equities Market Extends Gaining Streak By N80bn
NGX
Samuel Mobolaji
The equities market of the Nigerian Exchange Limited (NGX) on the first trading day of the week sustained its gaining streak, as the market capitalisation increased by N80.7 billion to close at N29.61trillion.
The domestic stock market consolidated the gains recorded in the prior week as the benchmark index, the All-Share Index (ASI) advanced by 0.29 per cent stronger to settle at 54,367.74 points.
At the close of yesterday’s trading activities, sustained interests in telco heavyweight, MTNN (+1.88%) buoyed the market’s performance. Consequently, the year-to-date (YTD) return rose to 6.08 per cen.
Analysis of today’s market activities showed trade turnover settled higher relative to the previous session, with the value of transactions up by 103.82 per cent. A total of 191.64million shares valued at N4.80billion were exchanged in 4,359 deals.
GTCO (-0.40%) led the volume and value charts with 50.59million units traded in deals worth N1.27billion.
Market breadth closed positive at a 1.08-to-1 ratio, with advancing issues outnumbering declining ones. LINKASSURE (+8.89%) topped twelve (12) others on the leader’s log, while FTNCOCOA (-6.06%) led eleven (11) others on the laggard’s table.
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