Home Stock Market NGX All-Share Index ends the week up, 0.16% w/w

NGX All-Share Index ends the week up, 0.16% w/w

by Business News Report

In the last trading session of the week, the domestic bourse slipped as the All-Share Index declined by 0.06% to close at 52,594.68 points. On market movers, selloffs in NESTLE (-1.81%), ZENITHBANK (-0.20%), and GTCO (-1.03%) offset the gains in FBNH (+0.86%) and UBA (+0.62%) keeping the market’s overall performance in the red.  Having gained in two (2) of five (5) trading sessions this week, the ASI closed 0.16% higher w/w.

Over the course of the week, gains in AIRTELAFRI (+3.87% w/w), FBNH (+0.42% w/w) and ETI (+3.87% w/w) outweighed losses in DANGCEM (-1.85% w/w), ZENITHBANK (-4.31% w/w) and GTCO (-1.63% w/w). Consequently, the year-to-date (YTD) return rose to 2.62%, while the market capitalisation gained ₦44.77bn w/w to close at ₦28.65trn.

Analysis of today’s market activities showed trade turnover settled lower relative to the previous session, with the value of transactions down by 7.42%. A total of 443.75m shares valued at ₦1.68bn were exchanged in 3,100 deals. ACCESSCORP (+0.00%) led the volume chart with 11.35m units traded while NESTLE (-1.81%) led the value chart in deals worth ₦487.65mn.

Market breadth closed flat. CORNERST (+7.14%) led eleven (11) others on the gainer’s table while LINKASSURE (-9.62%) topped eleven (11) others on the laggard’s log.

Find below key highlights of market activities

IndicatorsCurrentChange (%)YTD
All-Share Index52,594.68-0.062.62
Market Cap. (₦ ‘trillion)28.65-0.062.62
Volume (millions)443.75243.89
Value (₦ ‘billion)1.68-7.42

Source: Coronation Security

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