By Temitope Adebayo
The equities market of the Nigerian Exchange Limited (NGX) at the close of last week trading activities appreciated N44.77 billion, as the market capitalization closed at N28.65trillion week-on- week (w/w).
Although, the All-Share Index (ASI) at the last session of the week, slipped by 0.06 per cent to close at 52,594.68 points, but increased by 0.16 per cent w/w.
On market movers, selloffs in NESTLE (-1.81%), ZENITHBANK (-0.20%), and GTCO (-1.03%) offset the gains in FBNH (+0.86%) and UBA (+0.62%) keeping the market’s overall performance in the red.
Over the course of the week, gains in AIRTELAFRI (+3.87% w/w), FBNH (+0.42% w/w) and ETI (+3.87% w/w) outweighed losses in DANGCEM (-1.85% w/w), ZENITHBANK (-4.31% w/w) and GTCO (-1.63% w/w).
Consequently, the year-to-date (YTD) return rose to 2.62 per cent.
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Analysis of the last Friday’s market activities showed trade turnover settled lower relative to the previous session, with the value of transactions down by 7.42 per cent. A total of 443.75million shares valued at N1.68billion were exchanged in 3,100 deals.
ACCESSCORP (+0.00%) led the volume chart with 11.35m units traded while NESTLE (-1.81%) led the value chart in deals worth N487.65million.
Market breadth closed flat. CORNERST (+7.14%) led eleven (11) others on the gainer’s table while LINKASSURE (-9.62%) topped eleven (11) others on the laggard’s log
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