| On the first trading day of the week (after two days of public holidays), the Nigerian stock market went down by 0.08% as the All-Share Index to settle at 99,840.95 points. Sell pressure in telco giant, MTNN (-2.67%), alongside FBNH (-2.65%) and UBA (-1.34%) drove the market’s weak performance, outweighing gains in GTCO (+1.90%), ACCESSCORP (+1.88%) and TRANSCORP (+3.20%). As a result, the year-to-date (YTD) return declined to 33.52%, while market capitalization lost ₦47.62bn to close at ₦56.48trn.
Analysis of today’s market activities showed trade turnover settled higher relative to the previous session, with the value of transactions up by 233.02%. A total of 1.38bn units of shares valued at ₦16.48bn were exchanged in 9,899 deals. FIDELITYBK (+8.50%) led the volume and value chart with 1.05bn units traded in deals worth ₦11.32bn.
Market breadth closed positive at a 2.60-to-1 ratio with advancing issues outnumbering declining ones. UPL (+10.00%) topped thirty-eight (38) others on the gainer’s table, while CAVERTON (-9.62%) led fourteen (14) others on the loser’s table. |
