Over the course of the week, strong performance across index heavyweight, MTNN (+2.35% w/w), alongside SEPLAT (+6.06% w/w) and ZENITHBANK (+1.06% w/w) drove the market’s performance outweighing losses in BUACEMENT (-2.80% w/w), DANGSUGAR (-0.97% w/w), and ACCESSCORP (-0.29% w/w). As a result, the year-to-date (YTD) return rose to 38.75%, while the market capitalization gained ₦180.22bn w/w to close at ₦39.11trn.
Analysis of today’s market activities showed trade turnover settled higher relative to the previous session, with the value of transactions up by 37.77%. A total of 441.58m shares valued at ₦6.03bn were exchanged in 5,883 deals. JAIZBANK (-0.62%) led the volume chart with 95.21m units while GTCO (+0.00%) led the value chart in deals worth ₦1.31bn.
Market breadth closed positive at a 1.54-to-1 ratio, with advancing issues outnumbering declining ones. MULTIVERSE (+10.00) topped nineteen (19) others on the leader’s log, while JAPAULGOLD (-9.09%) led twelve (12) others on the laggard’s table.
