The bearish sentiment at the NGX continued Monday, October 23, 2023, as the All-Share Index (ASI) fell by 0.06% to 66,876.92 points.
After a previously bearish week, the NGX continued its bearish run on Monday, as equities lost 0.06%, causing market capitalization to depreciate to N36.74 trillion, down from N36.76 trillion recorded on Friday, October 20.
There was increased trading activity on the day as 314.6 million share units were traded, in contrast with 205.88 million units traded last Friday.
However, the value of the trade recorded was N4.39 billion, a decline from the N6.38 billion recorded on Friday. There was an increase in the number of deals from 4,986 on Friday to 6,133.
Market Indices
Here are the market Indices for today’s trading session
- NGX All-Share Index: 66,876.92 points
- % Day Change: -0.06%
- Day’s Lowest: 66,860.14 points
- Day’s Highest: 66,924.82 points
- % YTD: +30.49%
- Market Cap: N36.74 trillion
- Volume Traded: 314.6 million
- Value: N4.39 billion
- Deals: 6,133
Top Gainers and Losers
Thomas Wyatt (THOMASWY), Academy Press (ACADEMY), and Ikeja Hotels (IKEJAHOTEL) topped the gainers chart as they recorded +9.92%, +9.71%, and +9.52% respectively.
Chams (CHAMS) with +7.38%, and Tantalizer (TANTALIZER) with +6.90% completed the list of the top five gainers at the close of trading.
VFD Group (VFDGROUP) led the losers’ chart with –9.99%. McNichols (MCNICHOLS) with –9.68%, University Press (UPL) with –9.32%, Consolidated Hallmark Insurance (CHIPLC) with –5.22%, and Omatek Ventures (OMATEK) with –4.44% complete the list for the top five losers of the day.
Top Traded Stocks
United Bank for Africa (UBA) led the chart in terms of trading volume with 47.15 million units traded.
It was followed by Access Holdings (ACCESSCORP) with 40.35 million units, FCMB (FCMB) with 29.05 million, GTCO Holdings (GTCO) with 27.30 million units, and Transcorp Group (TRANSCORP) with 16.44 million units.
Concerning value traded, GTCO Holdings (GTCO) with N959.25 million topped the chart, followed by UBA (UBA) with N909.70 million, Access Holdings (ACCESSCORP) with N666.87 million, Zenith Bank (ZENITHBANK) with N537.45 million, and FCMB with N173.55 million.
SWOOTs and FUGAZ Watch
For Stocks Worth Over One Trillion, the trading day was almost flat as BUACEM, BUAFOODS, AIRTELAFRI, MTNN, DANGCEM, and SEPLAT recorded zero price change at the close of trading.
However, GTCO recorded a 0.85% decline in its share price, while ZENITHBANK recorded a 0.45% appreciation in its share price.
Trading was mostly positive for the Tier-1 banks as only GTCO (-0.85%) recorded a decline. ZENITHBANK, ACCESSCORP (+0.61%), and UBA (+1.05%) recorded appreciation in their share prices. While FBNH recorded zero change in its share price.
