NGX index gains 3bps

The NGX All Share Index started the week on a positive note, advancing to 97,747.27 points as the index gained 3bps. Investors interest in ZENITHBANK (+0.46%), OANDO (+2.15%) and UBA (+0.15%) outweighed selloffs in GTCO (-1.16%), TRANSCORP (-1.35%) and FBNH (-0.72%) leaving the market in the positive terrain. Consistently, the year-to-date (YTD) return increased by 3bps to 30.72%, while the market capitalization added ₦15.27bn to close at ₦59.23tn.
 On today’s market activities, trade turnover settled lower relative to the previous session, with the value of transactions down 21.15%. A total of 413.35m shares valued at ₦5.34bn were exchanged in 9,004 deals. JAPAULGOLD (+0.00%) led the volume chart with 179.10m units transacted while ACCESSBANK (-3.03%) led the value chart with ₦775.55m. 
Market breadth closed positive at a 1.4-to-1 ratio with advancing issues outnumbering declining ones. JOHNHOLT (+9.97%) topped twenty-seven (27) others on the leader’s log, while MECURE (-9.65%) led nineteen (19) others on the laggard’s table.