The NGX posted a very impressive one day return as the All-Share Index appreciated by 0.78% to close at 71,808.64 points.
Equities gained N472 billion as the market capitalization closed at N39.295 billion. A significant event in the market was FBN Holdings gaining 9.91% to close at N29.40, thus inducting the bank into the N1 trillion market cap club, as its market cap crossed into N1.055 trillion.
There was a 59.15% surge in trading volume to 690.011 million units, compared to yesterday’s 433.568 million units. There was a surge in trading value to N12.1 billion against yesterday’s N11.1 billion.
Market Indices
Here are the market Indices for today’s trading session
- NGX All-Share Index: 71,808.64 points
- % Day Change: +0.78%
- Day’s Lowest: 71,242.31 points
- Day’s Highest: 71,866.37 points
- % YTD: +40.11%
- Market Cap: N39.29 trillion
- Volume Traded: 690.01 million
- Value: N12.1 billion
- Deals: 8,412
Top Gainers
- THOMASWY: +9.92% to close at N3.32
- FBNH: +9.91% to close at N29.40
- MULTIVERSE: +9.90% to close at N0.70
- ETI: +9.88% to close at N18.90
- INFINITY: +9.70% to close at N1.47
Top Losers
- MANSARD: -9.69% to close at N4.10
- GUINEAINS: -9.68% to close at N0.28
- OANDO: -9.13% to close at N10.45
- OMATEK: -8.14% to close at N0.79
- UNIVINSURE: -7.41% to close at N0.25
Top Traded Stocks
In terms of volume, GTCO (+0.51%) led with 76.70 million units, followed by UBA (+3.29%) with 74.57 million units, FIDELITYBK (+2.81%) with 65.63 million units, ACCESSCORP (+9.04%) with 64.18 million units, and UNIVINSURE (-7.41%) to close at 47.13 million units.
Concerning value, GTCO (+0.51%) also led with N 3.04 billion, followed by UBA (+3.29%) with N1.66 billion, ZENITHBANK (+3.44%) with N1.37 billion, ACCESSCORP (+9.04%) with N1.34 billion, and MTNN (+0.25%) with N938.9 million.
SWOOT and FUGAZ Update
There was a new entrant into the SWOOT category as FBNH closed with a market cap of N1.055 trillion. For other members of the category, trading was bullish as ZENITHBANK (+3.44%), GTCO (+0.51%), and MTNN (+0.25%) all recorded price gains.
Other members of the category (AIRTELAFRI, BUAFOODS, BUACEMENT, DANGCEM, and SEPLAT) all recorded no price changes.
Trading was also bullish for tier-1 banks as FBNH and ACCESSCORP recorded above 9% gains, posting 9.91% and 9.04% gains respectively. ZENITHBANK (+3.44%), GTCO (+0.51%), and UBA (+3.29%) also recorded gains.