Nigeria Stock Exchange has sustained the bull run as the benchmark index closed 26bps stronger to settle at 98,227.50 points. Sustained buy interest in ZENITHBANK (+2.05%) alongside FBNH (+0.93%) and WAPCO (+9.98%) drove the market’s performance, offsetting selloffs in UBA (-0.15%), ACCESSCORP (-0.42%) and STANBIC (-5.09%). As a result, the year-to-date (YTD) return gained 28bps to 31.37%, while the market capitalization added ₦166.64bn to close at ₦59.53tn.
On market activities, trade turnover settled higher relative to the previous session, with the value of transactions up by 31.58%. A total of 370.52m shares valued at ₦8.45bn were exchanged in 10,026 deals. Again, ACCESSCORP (-0.42%) led the volume chart with 22.99m units transacted while SEPLAT (+0.00) led the value chart with ₦1.37bn.
Market breadth closed positive at a 1.4-to-1 ratio with advancing issues outnumbering declining ones. TANTALIZER (+10.00%) topped thirty-five (35) others on the leader’s log, while NNFM (-10.00%) topped twenty-four (24) others on the laggard’s table.
NGX ASI sustains bull run, up 26bps
