Home Stock Market NGX All-Share Index advances by 0.61%

NGX All-Share Index advances by 0.61%

by Business News Report

Equities on the Lagos bourse edged higher as the benchmark index advanced by 0.61% to close at 54,646.38 points, the highest level since 15 July 2008. Gains in BUAFOODS (+8.87%), WAPCO (+1.18%) as well as Tier-1 banking names, ZENITHBANK (+0.60%), GTCO (+-0.40%) and FBNH (+0.43%) drove the market’s overall performance. The gain puts the index on track for a weekly gain. The year-to-date (YTD) return rose to 6.62%, while market capitalization gained ₦180.23bn to close at ₦29.77trn.

Analysis of today’s market activities showed trade turnover settled lower relative to the previous session, with the value of transactions down by 52.92%. A total of 142.04m shares valued at ₦1.85bn were exchanged in 2,651 deals. UBA (+0.60%) led the volume chart with 32.42m units traded  while ZENITHBANK (+0.60%) led the value chart in deals worth ₦11.53m.

Market breadth closed positive at a 3.5-to-1 ratio with advancing issues outnumbering declining ones. BUAFOODS (+8.87%) topped twenty (20) others on the leader’s log while NEIMETH (-6.45%) led five (5) others on the leader’s table.

Find below key highlights of market activities

IndicatorsCurrentChange (%)YTD
All-Share Index54,646.380.616.62
Market Cap. (₦ ‘trillion)29.770.616.64
Volume (millions)142.049.33
Value (₦ ‘billion)1.85-52.92

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