…Market breadth closed positive at a 1.63-to-1 ratio with advancing issues outnumbering declining ones.
SAT SEPT 14 2024-theGBJournal| The All-Share index gained 106bps week-on-week as rally in MTNN (+7.37% w/w), OANDO (+9.40% w/w) and FBNH (+31.52% w/w) outweighed selloffs in TRANSPOWER (-9.99% w/w), STANBIC (-1.54% w/w) and DANGSUGAR (-2.23% w/w).
Accordingly, the market capitalization gained N607.77bn w/w to close at N56.00 trillion.
In today’s trading session, the domestic bourse gained 44bps, as the benchmark index closed at 97,456.62 points. Investors interest in GTCO(+0.77%), ZENITHBANK (+2.70%), and FBNH (+9.85%) outweighed losses in MTNN (-0.16%), OANDO (-1.82%) and UBA (-0.84%).
As a result, the ASI year-to-date return increased to 30.34%, while the market capitalization gained N247.93 billion Friday.
Analysis of Friday’s market activities showed trade turnover settled lower relative to the previous session, with the value of transactions down by 18.90%. A total of 412.90m shares valued at N6.47 billion were exchanged in 8,803 deals.
JAPAULGOLD (-0.38) led the volume chart with 105.65 million units traded, while FBNH led the value chart in deals worth N1.24 billion
Market breadth closed positive at a 1.63-to-1 ratio with advancing issues outnumbering declining ones. FLOURMILL (+9.99%) topped thirty others on the leader’s log, while DAARCOMM (-9.72%) led eighteen others on the laggard’s table.
It was a perfectly positive week for sectoral performance, with the NGX Banking Index (+5.12%w/w) led the log, followed by the NGX Pension Index (+2.45%w/w), the NGX Oil and Gas Index (+2.00%w/w), the NGX Insurance Index (+1.59% w/w), the NGX Consumer Goods Index (+1.47%w/w), the NGX 30 Index (+0.82%w/w) and NGX Industrial Index (+0.17%w/w).
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