THUR, 19 MAY, 2022-theGBJournal | Domestic equities bounced back today from losses earlier in the week, as the benchmark All-Share Index surged 1.05% to close at 53,275.49 points, the highest level since 16 July 2008.
On market movers, sustained investor interest in MTNN (+5.68%), alongside a recovery in STANBIC (+4.55%) and ACCESSCORP (+2.06%), and an uptick in WAPCO (+1.59%) buoyed the broader index. As a result, the year-to-date (YTD) return rose to 24.72%, with the market capitalisation increasing by N298.75bn to close at N28.72trn.
Analysis of today’s market activities showed trade turnover settled higher relative to the previous session, with the value of transactions increasing by 13.75%. A total of 274.56m shares valued at N8.45bn were exchanged in 5,184 deals. TRANSCORP (-6.77%) led the volume chart with 48.38m units while MTNN (+5.68%) led the value chart at N5.49bn.
Market breadth closed negative at a 0.71-to-1 ratio, with declining issues outnumbering advancing ones. CONOIL (-10.00%) topped twenty-eight (28) others on the laggard’s log, while TRANSCOHOT (+9.89%) led twenty (20) others on the leader’s table.
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