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NGX All-Share Index extends gains, up 0.20%

Nigerian equities opened the week on a positive note, extending gains from the previous session as the All-Share Index closed 0.20% stronger to close at 52,319.94 points, the highest point since 16 June. The market’s performance was primarily driven by gains in SEPLAT (+10.00%). In addition, investors taking position in banking names, GTCO (+1.91%), FBNH (+0.92%) and UBA (+0.68%) outweighed selloffs in NB (-5.10%), MTNN (-0.13%) and ZENITHBANK (-0.90%). Consequently, the year-to-date (YTD) return rose to 22.48%, while the market capitalization gained ₦56.53bn to close at ₦28.21trn.

Analysis of today’s market activities showed trade turnover settled lower relative to the previous session, with the value of transactions declining by 16.09%. A total of 116.28m units of shares valued at ₦3.46bn were exchanged in 4,525 deals. UBA (+0.68%), led the volume chart with 12.93m units traded, while SEPLAT (+10.00%) led the value chart in deals worth ₦1.33bn.

Market breadth closed negative at a 1.47-to-1 ratio with declining issues outnumbering advancing ones. CWG (-10.00%) led twenty-one (21) others on the laggard’s table, while SEPLAT (+10.00%) topped fourteen (14) others on the gainer’s log.

Find below key highlights of market activities.