Over the course of the week, strong performances in DANGCEM (+53.94% w/w), BUACEMENT (+48.80% w/w) , and GEREGU (+17.72% w/w) drove the market’s positive performance, outweighing losses in GTCO (-4.75% w/w), FBNH (-5.00% w/w), and STANBIC (-4.41% w/w). Consequently, the year-to-date (YTD) return rose to 26.43%, while the market capitalisation gained ₦6.30trn w/w to close at ₦51.74trn.
Analysis of today’s market activities showed trade turnover settled lower relative to the previous session, with the value of transactions down by 32.67%. A total of 759.14m shares valued at ₦12.99bn were exchanged in 14,988 deals. TRANSCORP (-2.86%) led the volume chart with 80.32m units traded while ZENITHBANK (+1.58%) led the value chart with deals worth ₦1.55bn.
Market breadth closed negative at a 1.06-to-1 ratio with declining issues outnumbering the advancing ones. LASACO(-9.85%) topped thirty-four (34) others on the laggard’s table while BUACEMENT (+10.00%) led thirty-two (32) others on the leader’s log.
