…ASI year-to-date return increased to 30.42%, while the market capitalization gained N262.10 billion
SAT OCT 05 2024-theGBJournal| The All-Share index lost 95bps week-on-week as selloffs in index heavyweight DANGCEM (-10.00% w/w), MTNN (-0.37% w/w) and BUACEMENT (-3.42% w/w) overturned investor’s interest in SEPLAT (+21.00% w/w), GTCO (+3.59% w/w) and UBA (+6.21%w/w).
Accordingly, the market capitalization lost N539.09 billion w/w to close at N56.04 trillion.
In Friday’s trading session, the market recouped 47bps of previous losses to close at 97,520.54 points.
Investors interest in SEPLAT (+10.00%), GTCO (+0.82%), and FBNH (+1.21%) outweighed losses in ZENITHBANK (-0.53%), OANDO (-1.95%) and DANGSUGAR (-5.85%).
As a result, the ASI year-to-date return increased to 30.42%, while the market capitalization gained N262.10 billion.
Analysis of Friday’s market activities showed trade turnover settled lower relative to the previous session, with the value of transactions down by 10.91%. A total of 320.70m shares valued at N6.02bn were exchanged in 8,763 deals.
UBA (+1.30%) led the volume and value chart with 36.74 million units traded in deals worth N991.46 million.
Market breadth closed positive at a 1.57-to-1 ratio with advancing issues outnumbering declining ones.
SEPLAT (+10.00%) topped thirty-two others on the leader’s log, while ETERNA (-10.00%) led twenty others on the laggard’s table.
Sectoral indices closed mixed with the NGX Oil and Gas Index (+7.29%w/w) leading the gainers log, followed by the NGX Insurance Index (+3.81%w/w), the NGX Pension Index (+0.61%w/w) and the NGX Consumer Goods Index (+0.34% w/w).
In contrast, the NGX Industrial Index (-6.84%w/w), the NGX 30 Index (-0.90%w/w) and NGX Banking Index (-0.74%w/w) closed red.
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