NGX ASI advances by 23bps

For the third consecutive session, the NGX All Share Index closed bullish, adding 23bps to 97,972.33 points. Gains in MTNN (+1.18%), GTCO (+1.17%) and ZENITHBANK (+1.15%) drove the market’s performance, encountering selloffs in BUACEMENT (-0.52%), TRANSCORP (-1.71%) and FBNH (-2.01%). Consistently, the year-to-date (YTD) return increased by 23bps to 31.02%, while the market capitalization added ₦136.38bn to close at ₦59.37tn.
On market activities today, trade turnover settled higher relative to the previous session, with the value of transactions up by 20.33%. A total of 333.95m shares valued at ₦6.42bn were exchanged in 9,187 deals. ACCESSCORP (-0.42%) led the volume and value charts with 37.84m units transacted at ₦910.19m.
Market breadth closed positive at a 1.5-to-1 ratio with advancing issues outnumbering declining ones. WAPCO (+10.00%) topped thirty-three (33) others on the leader’s log, while PZ (-9.82%) topped twenty-one (21) others on the laggard’s table.