Closing the week, the Lagos stock exchange ended the session
on a positive note, bringing the All-Share index up by 2.87% to close at
94,538.12 points.
Sustained buying interests in industrial heavyweights DANGCEM
(+9.98%), and BUACEMENT (+10.00%), alongside MTNN (+0.69%) offset selloffs in
GTCO (-3.08%), FBNH (-1.30%) and NB (-4.76%) keeping the market in the positive
terrain. Having gained in all trading sessions this week, the ASI closed 13.84%
higher w/w.
Over the course of the week, strong performances in DANGCEM
(+53.94% w/w), BUACEMENT (+48.80% w/w), and GEREGU (+17.72% w/w) drove the
market's positive performance, outweighing losses in GTCO (-4.75% w/w), FBNH
(-5.00% w/w), and STANBIC (-4.41% w/w).
Consequently, the year-to-date (YTD) return rose to 26.43%,
while the market capitalization gained ₦6.30trn w/w to close at ₦51.74trn.
Analysis of today's market activities showed trade turnover
settled lower relative to the previous session, with the value of transactions
down by 32.67%. A total of 759.14m shares valued at ₦12.99bn were exchanged in
14,988 deals. TRANSCORP (-2.86%) led the volume chart with 80.32m units traded
while ZENITHBANK (+1.58%) led the value chart with deals worth ₦1.55bn.
Market breadth closed negative at a 1.06-to-1 ratio with
declining issues outnumbering the advancing ones. LASACO(-9.85%) topped
thirty-four (34) others on the laggard’s table while BUACEMENT (+10.00%) led
thirty-two (32) others on the leader's log.
Find below key highlights of market activities.
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