BY BAMIDELE FAMOOFO
The market capitalization of the Nigerian equities market closed the week higher at N28.57 trillion with a N34.31 billion gain recorded on the last trading day of the week.
The year-to-date return rose to 2.37 percent.
The Lagos bourse ended the session on a positive note, bringing the All-Share index up by 0.34 percent to close at 52,466.52 points.
Investors interest in SEPLAT (+5.35%), ZENITHBANK (+0.21%), and GTCO (+0.21%) offset losses in MTNN (-0.04%) keeping the market in the green.
As a result, having gained in two out of four trading sessions this week, the ASI closed 0.12 percent higher week on week.
During the week, positive performances across MTNN (+0.09% w/w), SEPLAT (+5.35% w/w) and ZENITH (+5.48% w/w) were sufficient to offset the losses in GTCO (-3.22% w/w), STANBIC (-0.13% w/w) and GEREGU (-10.00% w/w).
Analysis of today’s market activities showed trade turnover settled lower relative to the previous session, with the value of transactions down by 19.49 percent.
A total of 482.59 million shares valued at N5.64 billion were exchanged in 5,298 deals. ACCESSCORP (+5.14%) led volume and value charts with 168.78 million units traded in deals worth N1.85 billion.
Market breadth closed positive at a 3.22-to-1 ratio with advancing issues outnumbering declining ones. CUSTODIAN (+9.65%) topped twenty-eight (28) others on the leader’s log while TRANSCORP (-9.77%) topped eight (8) others on the laggard’s table.