Recovering from the previous session's loss, the domestic stock market posted gains as the benchmark index rose by 0.70%  to close at 82,597.04 points.

 

Gains in MTNN (+0.35%), BUACEMENT (+0.54%), and ZENITHBANK (+1.99%)  contributed to outweigh losses in VITAFOAM (-0.21%), CORNERNST (-3.33%), and LINKASSURE (-3.33%), keeping the market in the green.

 

Accordingly, the market is on track for a week of gain.  The year-to-date (YTD) return rose to 10.46%, while market capitalization gained ₦313.39bn to close at ₦45.20trn.

 

Analysis of today's market activities showed trade turnover settled lower relative to the previous session, with the value of transactions down by 43.20%. A total of 877.28m shares valued at ₦14.41bn were exchanged in 14,919 deals.

 

TRANSCORP (+4.12%) led the volume chart with 74.54m units traded while ZENITHBANK (+1.99%) led the value chart in deals worth ₦1.98bn.

 

Market breadth closed positive at a 2.05-to-1 ratio with advancing issues outnumbering declining ones.

 

ROYALEX (+10.00%) topped forty-four (44) others on the leader’s table while ABBEYBDS (-9.90%) led twenty-one (21) others on the laggard's log.

Find below key highlights of market activities.

Indicators

Current     

Change (%)

YTD

All-Share Index

82,597.04

+0.70

+10.46

Market Cap. (₦ 'trillion)

45.20

+0.70

+10.46

Volume (millions)

877.28

-46.55

 

Value (₦ 'billion)

14.41

-43.20

 

 

Source: Coronation Registrars