…In Friday’s trading session, gains in MTNN (+0.06%), GTCO (+0.85%) and FBNH (+1.35%) drove the markets’ positive performance
SAT DEC 07 2024-theGBJournal| The Nigerian equities market closed positive as the All Share Index gained 72bps to close at 98,210.75 points.
All other indices finished higher with the exception of NGX Main Board, NGX Growth and NGX Sovereign Bond which depreciated by 0.39%, 0.15%, and 0.06% respectively while the NGX ASeM index closed flat.
Trading in the top three equities namely FBN Holdings Plc, Wema Bank Plc and Fidelity Bank Plc (measured by volume) accounted for 1.625 billion shares worth N28.982 billion in 3,226 deals, contributing 41.74% and 33.03% to the total equity turnover volume and value respectively
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 N426.69 billion to close at N59.53 trillion.
In Friday’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 N17.46 billion were exchanged in 7,220 deals.
WEMABANK (-0.57%) led the volume and value charts with 472.50 million units transacted in deals worth N4.11 billion.
Market breadth closed positive at a 1.42-to-1 ratio with advancing issues outnumbering declining ones.
Fifty-one equities appreciated in price during the week higher than thirty-two equities in the previous week. Thirty equities depreciated in price lower than forty-six in the previous week, while seventy-two equities remained unchanged, lower than seventy-five recorded in the previous week.
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