The Nigerian Equities Market closed the week on a positive note as its benchmark index surged by 0.46% to 64,743.96 points. Consequently, its Year-to-Date return printed at 26.33% (Yesterday: 25.75%). The strong market performance was primarily driven by gains in DANGCEM, MTNN, ACCESSCORP, TRANSCORP, and FBNH offsetting the losses in GTCO, SEPLAT, DANGSUGAR, and FIDELITY.
Today, FBNH traded highest in terms of Volume and Value.
The top gainers for today were JOHNHOLT, CHIPLC, and CWG while GUINEAINS, TANTALIZER, and UNIVINSURE topped the losers’ chart.
Weekly Commentary and Stock Recommendation: 17th September – 20th September 2024