BY FESTUS OKOROMADU, ABUJA
Closing the month, the Lagos bourse closed higher on Thursday as the benchmark index gained 0.11% to settle at 71,365.25 points. Gains in telco heavyweight AIRTELAFRI (+0.56%), alongside GTCO (+1.43%) and ACCESSCORP (+0.56%) drove the overall market’s performance offsetting losses in ZENITHBANK (-2.71%), DANGSUGAR (-1.69%) and FIDELITYBK (-0.56%).
As a result, the year-to-date return rose to 39.25%, while market capitalization gained ₦44.16bn to close at ₦39.05 trillion.
Analysis of Thursday’s market activities showed trade turnover settled higher relative to the previous session, with the value of transactions up by 54.95%.
A total of 540.09m shares valued at ₦10.24bn were exchanged in 6,516 deals.
GTCO (+1.43%) led both the volume and value charts with 67.23m units traded in deals worth ₦2.60bn.
Market breadth closed negative at a 1.24-to-1 ratio, with declining issues outnumbering advancing ones.
NSLTECH (-9.72%) led 30 others on the laggard’s table, while NNFM (+10.00%) topped 24 others on the leader’s log.
