The Nigerian stock exchange opened on a positive note yesterday, following a bearish performance the previous week. The market narrowly gained 5 basis points (bps) to close at 98,176.58 points.
According to Coronation Registrars’ analysis, the main factors influencing the performance of the entire market were investors’ increased interest in TRANSCOHOT (+3.03%) and sustained interest in MTNN (+2.68%).
The investor’s interest offset sell pressures in GTCO (-1.38%), ZENITHBANK (-3.05%) and FBNH (-0.22%).
Consequently, the year-to-date (YTD) return rose to 31.30%, while market capitalization gained N28.61bn to close at N55.54trn.
Trade turnover settled lower relative to the previous session, with the value of transactions declining by 28.98%.
A total of 405.66m shares valued at N6.69bn were exchanged in 8,439 deals. ACCESSCORP (+0.00%) led the volume value chart with 201.31m units traded in deals worth N3.41bn.
Market breadth closed negative at a 0.43-to-1 ratio with declining issues outnumbering advancing ones. CHAMPION (-10.00%) topped 27 others on the laggard’s table, while BERGER (+9.72%) led 11 others on the leader’s log.
