Analysis of the market activities showed trade turnover settled higher relative to the previous session.
Sell-offs in MTN Nigeria, alongside tier-one banking stocks, on Tuesday shed 0
Consequently, the NGX All-Share Index and market capitalisation rose by 3.79 per cent to close the week at 105,722.78 and N57.850 trillion, respectively.
The All-Share Index (ASI) dipped by 7.46 basis points or 0.02 per cent to close at 47, 524.38 as against 47,531.84 recorded at the previous trading session.
The market’s weak performance was due selloffs in the shares of Zenith Bank and United Bank for Africa(UBA).
The All-Share Index advanced by 52.52 points or 0.11 per cent to close at 49,652.25 against 49,644.92 achieved on Wednesday.
Stocks that pushed the equities market lower included MTN Nigeria, Guaranty Trust Holding Company(GTCo), Zenith Bank, among others.
The downturn was impacted by losses recorded in Royal Exchange Assurance, Academy Press, and other stocks.
