NGX All-Share Index post rebound, gains 22bps

Halting six successive sessions of losses, the Lagos bourse posted a 22bps gain to close at 97,123.61 points. Selloffs in  MTNN (-0.24%), TRANSCORP (-1.64%), and WAPCO (-1.04%) was offset by gains ZENITHBANK (+5.74%), FBNH (+1.49%), and UBA (+9.87%), supporting the overall market performance. Accordingly, the year-to-date (YTD) return increased to 29.89%, while the market capitalization gained  ₦130.94 billion to close at ₦58.85 trillion.
Analysis of today’s market activities showed trade turnover settled higher relative to the previous session, with the value of transactions advancing by 79.64%. A total of 3.6 0 billion shares valued at ₦25.57 billion were exchanged in 10,679 deals. SOVRENINS (+3.51%) led the volume chart  with 2.50 billion units traded, while UBA (+9.87%) led the value chart  in deals worth ₦6.74 billion.
 Market breadth closed positive at a 1.30-to-1 ratio with advancing issues outnumbering the declining ones. CONOIL (+9.93%) topped twenty-five (25) others on the leader’s table while OANDO (-9.98%) led nineteen (19) others on the laggard’s log.