Nigeria Stock Market Opens with N53b Gain as ASI rose 0.20% to close at 49.414.96 points

Nigerian stocks began the week on a positive note as the benchmark index closed 0.20% higher than it had the previous week to settle at 49,414.96 points. The value of the stock market was N26.9 trillion as of Friday’s market close. The stock market has increased by 6,698.52 basis points, or 15.6%, so far this year.

A review of today’s market activity revealed that trade turnover was lower than it had been during the previous session, with a 36.57% decrease in transaction value. 3,262 transactions involving 76.75 million shares for N1.33 billion were completed. With 16.61 million units exchanged in transactions worth 352.21 million, GTCO (+3.35%) topped the volume and value charts.

In order to keep the market in the green, gains in index heavyweight BUAFOODS (+2.52%), together with Tier-1 banks GTCO (+3.35%), ACCESSCORP (+1.18%), and UBA (+0.68%), overcame losses in ZENITHBANK (-0.41%), and FBNH (-0.46%). Thus, the year-to-date (YTD) return increased to 15.64%, and the market capitalization increased by N43.44 billion to close at 26.90 trillion.

With decreasing issues outnumbering advancing ones, market breadth closed negative at a ratio of 1.11 to 1. PZ (-7.26%) led nine (9) further laggards on the gainer’s table, while INTBREW (+5.81%) led eight (8) additional gainers.

• NGX Market Indices  
• • NGX ASI: 49,414.96 points
• • Previous ASI: 49.316.29 points
• • Percentage Day Change: 0.20%
• • % Y-t-D: 15.6%
•  NGX Market Capitalization: N26,914 trillion
• • Volume: 76.74 million
• • Value: N1.32 billion
• • Deals: 3,262
• NGX Top gainers    
• • THOMASWY up + 8.77% to close at N 0.62
• • INTBREW up + 5.81% to close at N4.55
• • PHARMDEKO up + 5.00% to close at N2.10
• • LIVINGTRUST up + 4.90% to close at N1.50
• • FIDSON up + 3.45% to close at N9.30
•  NGX Top losers   
• • PZ down – 7.26% to close at N11.50
• • CHAMS down – 4.35% to close at N0.22
• • UPDCREIT down – 3.33% to close at N2.90
• • FTNCOCOA down – 3.23% to close at N0.30
• • AFRIPRUD down – 2.73% to close at N5.35
•   NGX Top 3 by Volume 
• • GTCO – 16,606,348
• • UBA – 7,588,601
• • CHAMS– 4,152,010
•    NGX Top 3 by Value   
• • GTCO – N352,214,489
• • NESTLE – N187,676,431
• • MTNN – N131,823,872