NGX All-Share Index opens the week strong, gains 0.95%

Opening the week, the local bourse rebounded by 0.95% – the highest single-day gain in the month – to settle at 53,157.83 points. Investor interest in telco heavyweight, AIRTELAFRI (+3.11%), alongside ZENITHBANK (+0.80%), GTCO (+1.89%) and WAPCO (+1.63%) were the primary drivers of the overall market’s strong performance. As a result, the year-to-date (YTD) return rose to 3.72%, while market capitalization gained ₦272.31bn to close at ₦28.95trn.

Analysis of today’s market activities showed trade turnover settled higher relative to the previous session, with the value of transactions up by 141.78%. A total of 201.36m shares valued at ₦5.67bn were exchanged in 4,332 deals. ZENITHBANK (+0.80%) led the volume chart with 36.76m units traded, while GEREGU (+10.00%) led the value chart in deals worth ₦1.79bn.
 
Market breadth closed positive at a 2.00-to-1 ratio with advancing issues outnumbering declining ones. GEREGU (+10.00%) topped twenty-one (21) others on the gainer’s table, while WAPIC (-8.89%) led ten (10) others on the leader’s log.

Find below key highlights of market activities