Over the course of the week, strong performances in MTNN (+2.68% w/w), BUACEMENT (+0.52% w/w), and ZENITHBANK (+6.00% w/w) drove the market’s positive performance, outweighing losses in FBNH (-2.73% w/w), INTBREW (-2.22% w/w) and UNILEVER (-0.34 w/w). As a result, the year-to-date (YTD) return rose to 41.42%, while the market capitalisation gained ₦463.76bn w/w to close at ₦39.61trn.
Analysis of today’s market activities showed trade turnover settled lower relative to the previous session, with the value of transactions down by 9.49%. A total of 307.15m shares valued at ₦6.57bn were exchanged in 6,016 deals. GTCO (+3.40%) led both the volume and value chart with 51.08m units traded in deals worth ₦2.04bn.
Market breadth closed positive at a 2.56-to-1 ratio with advancing issues outnumbering the declining ones. CADBURY (+9.93%) topped forty (40) others on the leader’s table while UNIVINSURE (-7.14%) led fifteen (15) others on the laggard’s log.
