NGX All-Share Index recovers, gains 0.23%

The local bourse bounced back today, paring the prior session’s loss, as the benchmark Index closed 0.23% higher to settle at 54,315.53 points. The market’s performance was bolstered by renewed investor interests in ZENITHBANK (+0.80%), GTCO (+0.80%), ACCESSCORP (+0.55%) and GEREGU (+10.00%). As a result, the year-to-date (YTD) return rose to 5.98%, while the market capitalisation gained ₦68.76bn to close at ₦29.59trn.

Analysis of today’s market activities showed trade turnover settled lower relative to the previous session, with the value of transactions down by 74.82%. A total of 129.91m shares valued at ₦3.92bn were exchanged in 2,678 deals. AIICO (+0.00%) led the volume chart with 16.18m units traded  while SEPLAT (+0.00%) led the value chart in deals worth ₦1.10bn.

Market breadth closed positive at a 1.44-to-1 ratio with advancing issues outnumbering declining ones. GEREGU (+10.00%) topped twelve (12) others on the leader’s log while WAPIC (-6.82%) led eight (8) others on the leader’s table.

Find below key highlights of market activities

Source: Coronation Research