Nigeria Stock Market NGX All-Share Index Opens the Week on a Good Note With 0.04% Increase on Monday

The NGX All-Share Index (NGX-ASI) closed 0.04% firmer to conclude at 48,899.08 points on Monday, the highest level since October 4th, as Nigerian stocks began the week on a positive note, extending gains from the previous session.

Gains in ZENITHBANK (+1.58%), WAPCO (+0.69%), and FBNH (+1.85%) outweighed losses in STANBIC (-1.80%), ACCESSCORP (-0.58%), and UBA (-1.35%), driving the market’s performance. The year-to-date (YTD) return increased as a result, rising to 14.47%, and the market capitalization increased by 9.34 billion to close at 26.63 trillion.

At the close of trading, NGX Market capitalization stands at N26.6 Trillion. Trade turnover increased over the previous session, with a value increase of 120.07%. In a total of 3,334 transactions, 236.59million shares worth N2.52 billion were exchanged. With 120.98 million units traded in transactions totaling $1.03b, ACCESSCORP (-0.58%) topped both the volume and value charts on the NGX.

Bond Capitalization on the exchange stood at N23.2 trillion while Exchange Traded Fund (ETF) capitalization stood at N8.244 billion

Market breadth ended with a ratio of 1.25 dropping stocks to advancing issues, which was negative. On the loser’s table, NEIMETH (-8.57%) led nine (9) other participants, while LEARNAFRICA (+9.70%) led seven (7) other participants.

Market Indicators

• NGX ASI: 48,899.08 points
• Previous ASI: 48,881.93 points
• Percentage Day Change: 0.04%
• % Y-t-D: 14.47%

Market Capitalization (N): N 26.634trillion 

• Volume: 236.5 million
• Value: N2.51billion
• Deals: 3,334

Top All Share Index ASI gainers    

• LEARNAFRCA up +9.70% to close at N1.81
• JAIZBANK up +9.20% to close at N 0.95
• SCOA up + 8.86% to close at N0.86
• SUNUASSUR up +7.14% to close at N0.30
• JAPAULGOLD up +3.70% to close at N0.28

Top All Share Index ASI losers   

• ROYALEX down – 9.88% to close at N0.73
• NEIMETH down – 8.57% to close at N1.28
• MANSARD down – 4.52% to close at N1.90
• COURTVILLE down – 2.17% to close at N0.45
• UPDC down – 2.17% to close at N0.90

  Top 3 traded stocks by Volume 

• ACCESSCORP – 120,976,121
• JAIZBANK – 19,036,767
• GTCO – 17,196,252

Top 3 traded stocks by Value

• ACCESSCORP- N1,028,391,007
• GTCO– N361,311,429
• MTNN – N196,989,260