NGX All-Share Index gains 0.71%: a gain of N184 billion in market capitalization

In the last trading session of the month, Nigerian equities staged a rebound, recouping prior session losses as the benchmark index ended 0.71% stronger to settle at 47,660.04 points, the highest point since 05 October. Gains in Telcos heavyweight, MTNN (+3.80%), alongside Tier-1 banking names, ZENITHBANK (+0.92%) and GTCO (+0.50%) were the primary drivers of the broader index’s recovery. As a result, the year-to-date (YTD) return rose to 11.57%, while market capitalization gained ₦183.59bn to close at ₦25.96trn.

Analysis of today’s market activities showed trade turnover settled lower relative to the previous session, with the value of transactions down by 19.97%. A total of 107.02m shares valued at ₦1.32bn were exchanged in 3,227 deals. FBNH (+0.00%) led the volume chart with 12.53m units traded while ZENITHBANK (+0.92%) led the value chart in deals worth ₦174.55m.

Market breadth closed positive at a 4.5-to-1 ratio with advancing issues outnumbering declining ones. WEMABANK (+10.00%) led seventeen (17) others on the leader’s table while NB (-7.08%) topped three (3) others on the laggard’s log.

Market Indices  

  • NGX ASI: 47,660.04 points  
  • Previous ASI: 47,322.97 points  
  • Percentage Day Change: 0.71%  
  • % Y-t-D: 11.57%  

Market Cap (N):  N 25,959 trillion  

  • Volume: 107.01 million  
  • Value: N1.31 billion  
  • Deals: 3,227  

Top ASI gainers    

  • WEMABANK  up +10.00% to close at N3.30  
  • UACN up +9.95% to close at N10.50  
  • ACADEMY  up + 9.45% to close at N1.39  
  • UCAP  up +8.10% to close at N13.35  
  • ABCTRANS  up +8.00% to close at N0.27  

Top ASI losers   

  • ROYALEX  down – 10.00% to close at N0.63  
  • REDSTAR  down – 9.25% to close at N2.06  
  • PRESTIGE down – 8.51% to close at N0.43  
  • NB down – 7.08% to close at N42.00  
  • RTBRISCOE down – 6.90% to close at N0.27  
See also  Partnership for Change: UN Women engage traditional leaders to transform social norms

  Top 3 by Volume

  • FBNH – 12,528,964  
  • FIDELITYBK – 10,252,686  
  • ZENITHBANK – 8,039,764  

Top 3 by Value

  • ZENITHBANK – N174,545,051  
  • STANBIC  – N154,529,890  
  • FBNH – N139,636,860 

Leave a Reply

Send in Your Business News to BusinessTrumpet News!