NGX All-Share Index posts rebound, gains 0.08% - 21 November 2023

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Recovering from the previous session's loss, the Lagos stock exchange posted gains as the benchmark index rose by 0.08% to close at 71,066.55 points. 

 

Gains in Tier-1 Banking Names, ZENITHBANK (+0.15%), GTCO (+0.54%) and UBA (+0.73%)  contributed to outweigh losses in INTBREW (-2.17%), OANDO (-3.72%) and FCMB (-1.45%), keeping the market in the green. As a result, the year-to-date (YTD) return rose to 38.66%, while market capitalization gained ₦31.81bn to close at ₦39.08trn.

 

Analysis of today's market activities showed trade turnover settled lower relative to the previous session, with the value of transactions down by 26.07%. A total of a 491.40m shares valued at ₦3.22bn were exchanged in 6,549  deals.

 

UNITYBNK (9.38%) led the volume chart with 75.44m units traded while VFDGROUP (0.00%) led the value chart in deals worth ₦481.81m.

 

Market breadth closed positive at a 5.50-to-1 ratio, with advancing issues outnumbering declining ones. MECURE (+10.00%) topped forty-three (43) others on the leader's log, while CHAMPION (-10.00%) led seven (7) others on the laggard's table.

 

Find below key highlights of market activities.

Indicators

Current

Change (%)

YTD

All-Share Index

71,066.55

+0.08

+38.66

Market Cap. (₦ 'trillion)

39.08

+0.8

+40.00

Volume (millions)

491.40

+37.09

 

Value (₦ 'billion)

3.22

-26.07

 


Source: Coronation Registrars

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