NGX All-Share Index Starts The Week Up 0.04%

Nigerian equities opened the week on a positive note, extending gains from the previous session as the All-Share Index closed 0.04% stronger to close at 48,899.08 points, the highest point since 04 October.

The market’s performance was driven by gains in ZENITHBANK (+1.58%), WAPCO (+0.69%) and FBNH (+1.85%) outweighing selloffs in STANBIC (-1.80%), ACCESSCORP (-0.58%) and UBA (-1.35%).

Consequently, the year-to-date (YTD) return rose to 14.47%, while the market capitalization gained ₦9.34bn to close at ₦26.63trn.

Analysis of today’s market activities showed trade turnover settled higher relative to the previous session, with the value of transactions increasing by 120.07%. A total of 236.59m units of shares valued at ₦2.52bn were exchanged in 3,334 deals.

ACCESSCORP (-0.58%), led the volume chart and value chart with 120.98m units traded in deals worth ₦1.03bn.

Market breadth closed negative at a 1.25-to-1 ratio with declining issues outnumbering advancing ones. NEIMETH (-8.57%) led nine (9) others on the laggard’s table, while LEARNAFRICA (+9.70%) topped seven (7) others on the gainer’s log.