The NGX ASI +0.12%, $5.3m

·         The bulls closed the week on a positive note gaining 12 basis point in today's session.  As a result, NGX ASI settled higher at 71,112.99, whilst the year to date gain increased to 38.75%.

·         On a sectorial basis, the banking index closed flat whilst DANGSUGAR and BETAGLAS were the sole losers in the consumer goods index (-0.07%) and the industrial index (-0.04%) respectively ensuring a negative close for both indices. The insurance index (+1.40%)closed positive as investors show buy interest in NEM, CORNERST and CHIPLC , whilst the renewed interest in SEPLAT and ETERNA buoyed the oil and gas index (+3.71%).

·         The losses in MTNN (-0.62%), ZENITHBANK (-0.30%) and DANGSUGAR (-0.65%) could not overcome the gains in SEPLAT (+7.69%), ACCESSCORP (+0.29%), UBA (+0.48%) and NEM (2.52%), leaving the NGX ASI to close positive in today's session.

·         On a weekly basis, the NGX ASI gained +0.37% as positive performances from MTNN (+2.35%, w/w), SEPLAT (+6.06%, w/w) and ZENITHBANK (+1.06%, w/w) boosted the broader index. The losses in BUACEMENT (-2.80%, w/w) and DANGSUGAR (-0.97%, w/w) could not prevent a positive close to the week.

The sectorial performance was positive:

                 Value traded was dismal as transactions worth N6.0bn ($7.6m) were consummated.

• A few notable trades of the day were the transactions executed on;

Market Breadth

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