Closing the week, the Lagos bourse ended the session on a positive note, bringing the All-Share index up by 0.25% to close at 71,230.48 points. Interests in ZENITHBANK (+3.58%), GTCO (+0.13%), and UBA (+0.48%) kept the market in the green. Having gained in three out of five trading sessions this week, the ASI closed 0.17% higher w/w.
Over the course of the week, strong performance in ZENITHBANK (+3.89% w/w), GTCO (+5.81% w/w) and GEREGU (+0.88% w/w) drove the market’s performance outweighing losses in MTNN (-0.63% w/w), STANBIC (-7.08% w/w), and DANGSUGAR (-1.64% w/w). As a result, the year-to-date (YTD) return rose to 38.98%, while the market capitalisation gained ₦64.61bn w/w to close at ₦39.17trn.
Analysis of today’s market activities showed trade turnover settled higher relative to the previous session, with the value of transactions up by 24.07%. A total of 582.77m shares valued at ₦4.27bn were exchanged in 6,874 deals. VERITASKAP (-7.50%) led the volume chart with 107.05m units traded while ZENITHBANK (+3.58%) led the value chart in deals worth ₦773.81m.
Market breadth closed positive at a 1.60-to-1 ratio, with advancing issues outnumbering declining ones. NSLTECH (+10.00%) topped thirty-one (31) others on the leader’s log, while ABCTRANS (-9.68%) led nineteen (19) others on the laggard’s table.
