Ending the week on a positive note, the All-Share index gained 176bps week-on-week- the highest weekly gain since 15 March 2024, as rally in ARADEL (+20.73% w/w), GTCO (+7.65% w/w) and ZENITHBANK (+4.20% w/w) outweighed selloffs in BUACEMENT, MTNN and ACCESSCORP (-0.62%w/w). Accordingly, the market capitalization gained ₦1.06tn w/w to close at ₦61.30tn.
In today’s trading session, the Lagos bourse broke its eight-days winning streak as the NGX All-Share Index fell by 0.12% to settle at 101,129.09 points. Losses in ARADEL, WAPCO (-2.84%) and TRANSCORP outweighed the gains in GTCO, ZENITHBANK and OANDO dragging down the market. Consequently, the year-to-date (YTD) return decreased to +35.25%, while the market capitalization slipped by ₦72.09bn.
Trade turnover settled lower relative to the previous session, with the value of transactions down 37.32%. A total of 515.56m shares valued at ₦16.49bn were exchanged in 11,554 deals. ZENITHBANK led the volume and value charts with 60.41m units transacted in deals worth ₦2.73bn. Market breadth closed positive at a 2.47-to-1 ratio with advancing issues outnumbering the declining ones. UACN topped thirty-six (36) others on the leader’s table while MULTIVERSE (-9.80%) led fourteen (14) others on the laggard’s log.
NGX ASI inches up to 176bps w/w as investors gain N1.06trn
