NGX ASI gains 99bps w/w

Closing the holiday shortened week, the domestic bourse ended the session positive  as the All-Share index gained 0.99% to close at 102,133.30 points. During the week, gains in MTNN (+10.54% w/w), ZENITHBANK (+0.22% w/w) and UBA (+2.37% w/w) offset losses in ARADEL (-9.64% w/w) and  OANDO (-3.09% w/w).
As a result, the year-to-date (YTD) return rose to 36.59%, while the market capitalization gained ₦608.74bn w/w to close at ₦61.91tn.
In today’s trading session, the All-Share index lost 5bps as selloff GTCO (-1.64%), UBA (-4.03%) and ACCESSCORP (-2.83%) outweighed gains in FBNH (+0.72%), OANDO (+2.36%) and STANBIC (+1.69%) leading to the market’s weak performance.

Analysis of today’s market activities showed trade turnover settled lower relative to the previous session, with the value of transactions down by 4.24%. A total of 451.73m shares valued at ₦17.49bn were exchanged in 12,551 deals. UBA (-4.03%) led the volume chart with 41.73m units traded while SEPLAT  (+0.00%)  in deals worth ₦3.01bn.
Market breadth closed positive at a 2.41-to-1 ratio with advancing issues outnumbering the declining ones. UPL (+10.00%) topped forty (40) others on the leader’s table while HONYFLOUR (-9.09%) led sixteen (16) others on the laggard’s log.
Source: Coronation