The domestic bourse opened the week with an upturn as bulls outpaced bears in market activity. The NGX All-Share Index experienced an uptick of 10 basis points, settling the week at 98,847.89 from 98,751.98 previous session.
The market upward trend was primarily propelled by significant interest in TRANSCORP (+9.94%), PZ (+9.93%), GEREGU (+2.35%), TRANSPOWER (+10.00%), BUACEMENT (+4.44%) and 20 additional stocks.
Consequently, the year-to-date return increased to 32.20%. Similarly, the overall market capitalization increased by 3.43% to N55.89 trillion, amidst Transcorp Power’s introduction to the NGX.
Market activity for the day was positive as volume and value traded advanced by 16.87% and 193.76% to 429.64 million units and N19.92 billion, respectively.
We expect the equities market to trade mixed this week.
CURRENCY MARKET:
The Nigerian Naira appreciated by 0.91% against US Dollar in the NAFEM Window, closing at a rate of ₦1,534.19.
