Stocks Market Ends The Week Positive, Gains N34.31bn w/w
Samuel Mobolaji
The Nigerian stock market, ended last week trading session on a positive note, bringing the market capitalization up by N34.31 billion week on week (w/w) to close at N28.57trillion.
Having gained in two out of four trading sessions last week, the All-Share Index (ASI) closed 0.12 per cent higher w/w.
The Lagos bourse benchmark index appreciated by 0.34 per cent to close at 52,466.52 points, while investors interest in SEPLAT (+5.35%), ZENITHBANK (+0.21%), and GTCO (+0.21%) offset losses in MTNN (-0.04%) keeping the market in the green.
During the week, positive performances across MTNN (+0.09% w/w), SEPLAT (+5.35% w/w) and ZENITH (+5.48% w/w) were sufficient to offset the losses in GTCO (-3.22% w/w), STANBIC (-0.13% w/w) and GEREGU (-10.00% w/w).
As a result, the year-to-date (YTD) return rose to 2.37 per cent.
Analysis of the last trading session of the week’s market activities showed trade turnover settled lower relative to the previous session, with the value of transactions down by 19.49 per cent.
A total of 482.59million shares valued at N5.64billion were exchanged in 5,298 deals. ACCESSCORP (+5.14%) led volume and value charts with 168.78million units traded in deals worth N1.85billion.
Market breadth closed positive at a 3.22-to-1 ratio with advancing issues outnumbering declining ones. CUSTODIAN (+9.65%) topped twenty-eight (28) others on the leader’s log while TRANSCORP (-9.77%) topped eight (8) others on the laggard’s table.
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