Over the course of the week, strong performances in AIRTELAFRI (+10.00% w/w), BUAFOODS (+20.82% w/w) , and GEREGU (+33.30% w/w) drove the market’s positive performance, outweighing losses in BUACEMENT (-4.62% w/w), ACCESSCORP (-9.09% w/w), and DANGSUGAR (-3.33% w/w). Consequently, the year-to-date (YTD) return rose to 41.39%, while the market capitalisation gained ₦2.11trn w/w to close at ₦57.85trn.
Analysis of today’s market activities showed trade turnover settled higher relative to the previous session, with the value of transactions up by 16.43%. A total of 342.52m shares valued at ₦8.05bn were exchanged in 8,395 deals. FBNH (+7.69%) led both the volume and value chart with 49.92m units traded in deals worth ₦1.40bn.
Market breadth closed negative at a 1.22-to-1 ratio with declining issues outnumbering the advancing ones. FLOURMILL (-10.00%) topped twenty-seven (27) others on the laggard’s table while BUAFOODS (+10.00%) led twenty-two (22) others on the leader’s log.
