Transcorp, Dangote sugar leads gainers as NGX gains N324bn

The Nigerian equities opened the last trading week of August on a positive note, extending gains from the previous session as investors continued to take positions on blue-chip firms.

The All-Share Index (ASI) traded 0.90% higher to close at 66,151.38 index points as against 65,558.91 index points recorded in the previous day’s trading session.

The market capitalization of equities saw a gain of N324 billion to close at N36.205 trillion, 0.90% higher than the N35.881 trillion recorded in the previous trading session.

Market Indices

Below are the market indices for today’s trading session:

NGX ASI: 66,151.38 points

% Day Change: +0.90%

% YTD: +29.07%

Market Cap: N36.205 trillion

Volume Traded: 311.12 million

Value: N3.92 billion

Deals: 7,193

How Stocks Performed

• Market breadth closed positive as Transcorp (10.00%) led gainers, CWG (-10.00%) led losers while Access Holdings was the most traded equity – by volume – at the end of today’s session.
• Trading volume was 12.61% lower than the previous day’s session as 311.12 million units of shares were traded today.

Top Gainers and Top Losers

• Transcorp, Thomaswy, and Dangote Sugar led the top gainer’s chart as they all gained +10.00% each.
• Meanwhile, CWG, JOHN HOLT, and NEM led the top losers’ chart as they lost -10.00%, -9.80%, and -9.54% respectively.

Top Traded Stocks

• There was lower trading activity in terms of volume as 311.12 million units of shares were traded today compared to the 356.02 million traded from the previous day’s session.
• Access Holdings led the chart in terms of volume as 43.70 million units were traded. Transcorp (28.50 million) and Dangote Sugar (16.03 million) rounded up the top 3 traded stocks for today.
• In terms of value traded, Dangote Sugar (N820.84 million) led the chart followed by Access Holdings (N703.33 million) and Transcorp (N181.73 million) to round up the top three.

SWOOTs Watch

• Shares of stocks worth over one trillion (swoot) saw mixed results as only BUA Foods (9.09%) closed positive.
• Zenith Bank (-0.15%) and GTCO (-0.28%), both closed negatives. While BUA Cement, Dangote Cement, Airtel Africa, and MTN Nigeria all closed flat.

FUGAZ Update

• Shares of tier 1 banks saw mixed trading sessions as UBA (0.36%) and FBN Holdings (0.3%) both closed positive.
• Access Holdings (-3.32%), Zenith Bank (-0.15%%), and GTCO (-0.28%) all closed negative.