Investors gain N199 billion on the Nigeria Stock Exchange as the ASI increased by 0.78% Thursday

The Nigeria stock exchange benchmark index increased by 0.78% to close at 50,300.00 points, which is the highest level since August 8 leading to Investors gaining N199 billion. The value of the stock market was N27.3 trillion as of Wednesday’s market close. The stock market has increased by 7583.56 basis points, or 17.8%, so far this year.

With the value of transactions increasing by 102.36%, analysis of today’s market activity revealed that trade turnover settled higher than it had the previous session. 4,480 transactions involving 490.48 million shares worth 7.75 billion pounds were completed. With 271.36 million units traded in transactions totaling 3.20 billion, FBNH (-6.36%) topped both the volume and value charts.

The robust performance of the broad market was boosted by investor interest in MTNN (+0.47%), NESTLE (+10.00%), SEPLAT (+4.76%), NB (+9.04%), and GEREGU (+10.00%). As a result, the year-to-date (YTD) return increased to 17.75%, and the market capitalization increased by 212.32 billion to close at 27.40 trillion.

At a ratio of 3.88 to 1, the market breadth closed in the positive, with more rising issues than declining ones. NESTLE (+10.00%) led 31 other companies on the gainer’s log, while LIVESTOCK (-8.40%) was in first place among eight other companies on the laggard’s table.

NGX Market Indices  

• NGX ASI: 50,300 points 
• Previous ASI: 49,934.6 points 
• Percentage Day Change: 0.73% 
• % Y-t-D: 17.8% 

NGX Market Capitalization:  N27.397 trillion

• Volume: 490.4million 
• Value: N7.74 billion 
• Deals: 4,480 

NGX Top ASI gainers    

• GEREGU up + 10.00% to close at N139.70 
• NESTLE up + 10.00% to close at N1100.00 
• MCNICHOLS up + 9.62% to close at N0.57 
• CWG up + 9.52% to close at N0.92 
• ROYALEX up + 9.35% to close at N1.17 

 NGX Top ASI losers   

• LIVESTOCK down – 8.40% to close at N1.09 
• FBNH down – 6.36% to close at N11.05 
• VITAFOAM down – 5.92% to close at N20.65 
• UNILEVER down – 2.54% to close at N11.50 
• FIDELITYBK down – 1.94% to close at N4.56

NGX Top 3 by Volume 

• FBNH – 78,864,312 
• GTCO – 38,530,444 
• ZENITHBANK – 19,642,435

 NGX Top 3 by Value   

• GTCO – N922,553,157 
• FBNH – N891,708,267 
• GEREGU – N616,217,338