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
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
