NGX All-Share Index manages to eke out 2bps

Today, activity on the Lagos bourse was somewhat flattish as the benchmark index managed to eke out a meagre 2bps gain to close at 54,507.66 points. Investors interest in Tier-1 banking names, ZENITHBANK (+0.20%), GTCO (+0.20%), and FBNH (+0.86%) managed to drive the market’s overall performance. Consequently, the year-to-date (YTD) return rose slightly to 6.35%, while market capitalisation gained ₦6.18bn to close at ₦29.69trn.

Analysis of today’s market activities showed trade turnover settled lower relative to the previous session, with the value of transactions down by 23.50%. A total of 134.46m shares valued at ₦4.36bn were exchanged in 2,905 deals. GTCO (+0.02%) led the volume chart with 42.35m shares traded while SEPLAT (+0.00%) led the value chart  in deals worth ₦1.18bn.

Market breadth closed flat. LINKASSURE (+7.14%) topped thirteen (13) others on the leader’s log  while SOVRENINS (-6.67%) led thirteen (13) others on the laggard’s table.

Find below key highlights of market activities

Coronation Research