Nigeria Stock market stages a comeback with 1.07% gain on Friday

Nigerian stocks staged a comeback in the final trading session of the day, recovering the loss from the previous session as the benchmark index closed 1.07% stronger to settle at 48,881.93 points, the highest level since October 5. The industrial powerhouses BUACEMENT (+9.17%) and ZENITHBANK (+0.23%) continued to post strong increases, helping the overall index move into positive territory. The ASI closed 1.51% up week/week after rising in four out of five trading days this week, marking its fourth straight weekly increase.

Strong performances by BUACEMENT (+19.09% w/w), NESTLE (+1.67% w/w), and UBA (+1.37% w/w) during the week were enough to make up for losses suffered by MTNN (-2.27% w/w), ZENITHBANK (-2.86% w/w), and GTCO (-1.87%). The year-to-date (YTD) return increased to 14.43% as a result, and the market capitalization increased.

A review of today’s market activity revealed that trade turnover was lower than it had been during the previous session, with a 61.63% decrease in transaction value. In a total of 2,440 transactions, 100.82 million shares worth £1.14 billion were exchanged. With 34.19 million units exchanged, STERLNBANK (+1.46%) topped the volume table, while MTNN (+0.00%) topped the value list with deals totaling 403.78 million.

At a ratio of 1.63 to 1, the market breadth closed in the positive, with more rising issues than declining ones. On the leader’s table, BUACEMENT (+9.17%) outperformed twelve (12) other competitors, while UNITYBNK (-9.26%) outperformed seven (7) other competitors.

Market Indices  

  • NGX ASI:  48,881.93 points 
  • Previous ASI: 48,365.14 points 
  • Percentage Day Change: 1.06% 

Market Cap (N): N 26,624trillion 

  • Volume: 100.8 million 
  • Value: N1.14 billion 
  • Deals: 2,440 
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Top ASI gainers    

  • PRESTIGE  up +9.52% to close at N0.46 
  • BUACEMENT up +9.17% to close at N91.70 
  • THOMASWY  up + 9.09% to close at N0.48 
  • WAPIC up +8.82% to close at N0.37 
  • PHARMDEKO  up +8.11% to close at N2.00 

Top ASI losers   

  • UNITYBNK down – 9.26% to close at N0.49 
  • SCOA down – 9.20% to close at N0.79 
  • JAPAULGOLD  down – 6.90% to close at N0.27 
  • LIVESTOCK down – 4.31% to close at N1.11 
  • CHAMS  down – 4.17% to close at N0.23 

  Top 3 by Volume

  • STERLNBANK – 34,188,273 
  • GTCO – 7,273,320 
  • JAPAULGOLD– 34,188,273 

Top 3 by Value

  • MTNN- N403,781,044 
  • GTCO– N153,898,330 
  • BUACEMENT – N124,796,505 

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