During the week, strong performances across MTNN (+0.25% w/w), UBA (+5.63% w/w) and STANBIC (+6.37% w/w) were sufficient to offset the losses in BUACEMENT (-7.21% w/w), DANSUGAR (-0.52% w/w) and OANDO (-12.29%). As a result, the year-to-date (YTD) return rose to 39.59%, while the market capitalization gained ₦45.87bn w/w to close at ₦39.15trn.
Analysis of today’s market activities showed trade turnover settled higher relative to the previous session, with the value of transactions up by 15.41%. A total of 503.84m shares valued at ₦7.21bn were exchanged in 5,747 deals. MBENEFIT (+1.92%) led the volume chart with 67.28m units traded while AIRTELAFRI (+2.10) led the value chart in deals worth ₦1.95bn.
Market breadth closed negative at a 1.38-to-1 ratio with declining issues outnumbering advancing ones. FBNH (-10.00%) topped twenty-one (21) others on the laggard’s table while MULTIVERSE (+9.95%) led fifteen (15) others on the leader’s log.
