Stock Market Update: NGX All-Share Index gains 4bps with market capitalization increasing by N1b

The benchmark index increased by 0.04% to conclude at 49,416.18 points as the Nigeria Stock Exchange closed higher, extending advances for the sixth straight session. As a result, the market capitalization and equities value increased by N1billion to close at N26.92 trillion and the year-to-date (YTD) return increased to 15.68%. The Nigeria stock market (NGX All-Share Index) has risen by 3.68 percent so far this month

The share price of Vitafoam Plc rose the most on Tuesday trading activities, going from N21 per share to N21.75 per share, up by 75 kobo or 3.57% per share. This was closely followed by the share price of Ardova which increased from N16.70 per share to N17.40 per share , adding 70 kobo or 4.19% per share.

Analysis of today’s market activity revealed that trade turnover ended up being larger than it was during the previous session, with the value of transactions rising by 1.77%. 3,186 transactions totaling 100,093,729 shares worth N1,295,838,173.89 were completed. GTCO (+0.23%), which traded 16.44 million units for deals totaling 354.75 million, topped the volume and value charts.

The market’s performance was mostly driven by gains in Tier-1 banking companies ZENITHBANK (+1.04%) and GTCO (+0.23%), which outweighed losses in NB (-0.53%) and FBNH (-1.38%).

Market breadth ended down at a ratio of 1.44 to 1, with fewer rising items than declining ones. While UPDCREIT (+8.62%) led eight (8) other participants in the gainer’s table, NEIMETH (-9.66%) led twelve (12) other participants in the laggard’s log.

Stock Market Indices  

  • NGX ASI: 49,416.18 points   
  • Previous ASI: 49,414.96 points   
  • Percentage Day Change: 0.002%   
  • % Y-t-D: 15.6%   
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Stock Market Capitalization:N26,915 trillion

  • Volume: 100.1 million   
  • Value: N1.29 billion   
  • Deals: 3,186  

Stock Top ASI gainers    

  • UPDCREIT  up + 8.62% to close at N3.15  
  • ROYALEX up + 5.95% to close at N0.89  
  • ARDOVA  up + 4.19% to close at N17.40  
  • VITAFOAM up + 3.57% to close at N21.75  
  • CUSTODIAN up + 2.75% to close at N5.60  

  Stock Top ASI losers   

  • NEIMETH down – 9.66% to close at N1.31  
  • SCOA down – 9.41% to close at N0.77  
  • UPDC down – 7.07% to close at N0.92  
  • RTBRISCOE down – 6.90% to close at N0.27  
  • CHAMS down – 4.55% to close at N0.21  

   Stock Top 3 by Volume

  • GTCO – 16,438,087  
  • CHIPLC – 9,260,000   
  • UBA – 7,119,390  

    Stock Top 3 by Value   

  • GTCO – N354,748,552  
  • NESTLE – N279,797,379  
  • ZENITHBANK- N109,238,475 

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