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Daily Market Wrap
Equities: Banking bellwethers hovering around support
NGX-All-Share Index sustains an upward trend
At the close of the market today, the NSE All-Share Index advanced by 0.81% to settle at 38,917.99 points. Supporting the upswing today were telecoms duo MTNN and AIRTELAFRI, which were up 1.79% and 5.69%, respectively. Elsewhere, UNILEVER (+2.11%) and GUINNESS (+0.95%) added marginal points following sustained investor demand. On the flip side, the bears maintained their grip on the banking counter, with ZENITHBANK (-0.81%), ACCESS (-2.17%), GTCO (-0.18%) and UBA (-1.32%) all closing lower. Consequently, the year-to-date (YTD) return eased to -3.36%, while the market capitalization rebounded by ₦163 billion to close at ₦20.28 trillion.
|Volume(millions)||231.45||-5.25%||50.24 bn units|
|Value(₦ ‘b)||2.13||11.77%||₦524.96 billion|
|Market Cap.(₦ ‘tr)||20.28||0.81%||-3.70%|
Updated:Tue, 3rd August, 2021 10:52pm
Updated: Wed, 3rd July, 2019 at 7:30am
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