Nigerian equities extended the bullish run as the benchmark index gained 0.93% to settle at 53,998.12 points, the highest point since 27 May. Gains in MTNN (+3.78%) and SEPLAT (+9.50%) kept the market in the positive territory, offsetting losses in ZENITHBANK (-1.57%) and ACCESSCORP (-0.55%). The gain puts the index on track for its fourth consecutive weekly gain since the week ended 13 January. Consequently, the ASI’s year-to-date (YTD) return rose to 5.36%, while the market capitalization gained ₦271.49bn to close at ₦29.41tn.
Analysis of today’s market activities showed trade turnover settled higher relative to the previous session, with the value of transactions up by 46.08%. A total of 2.87bn shares valued at ₦8.07bn were exchanged in 3,940 deals. AIICO (+0.00%) led the volume chart with 14.00m units traded, while AIRTELAFRI (+0.00%) led the value chart in deals worth ₦3.49bn.
Market breadth closed positive at a 2.10-to-1 ratio with advancing issues outnumbering declining ones. SEPLAT (+9.50%) topped twenty (20) others on the gainer’s table, while MBENEFIT (-7.69%) led nine (9) others on the leader’s log.
Find below key highlights of market activities
|Market Cap. (₦ ‘trillion)||29.41||0.93||5.36|
|Value (₦ ‘billion)||8.07||46.08|