NGX ASI gains 72bps w/w

In a topsy-turvy week, the local bourse closed  positive as the All Share Index gained 72bps to close at 98,210.75 points. During the week, buying interest in MTNN (+0.06%), SEPLAT (+7.55%) and GTCO (+0.47%) outweighed selloffs in ARADEL (-10.06%), ZENITHBANK (-1.24%) and FCMB (-2.17%) putting the market’s index in a positive position. Consistently, the year-to-date (YTD) return increased by 94bps to 31.34%, while the market capitalization added ₦426.69bn to close at ₦59.53tn.
In today’s trading session, gains in MTNN (+0.06%), GTCO (+0.85%) and FBNH (+1.35%) drove the markets’ positive performance, outweighing losses in ZENITHBANK (-0.11%) , OANDO (-0.16%) , and FIDELITYBK (-0.62%). Trade turnover settled higher relative to the previous session, with the value of transactions up 36.00%. A total of 1.04bn shares valued at ₦17.46bn were exchanged in 7,220 deals. WEMABANK (-0.57%) led the volume and value charts with 472.50m units transacted in deals worth  ₦4.11bn. 
Market breadth closed positive at a 1.42-to-1 ratio with advancing issues outnumbering declining ones. GOLDENBREW (+9.98%) topped twenty-six (26) others on the leader’s log, while ETERNA (-4.62%) led eighteen (18) others on the laggard’s table.