In another phenomenal trading day at the NGX, the All-Share Index appreciated by 3.93%, gaining 3,330.21 points to close at an all-time high of 87,971.10 points.
Equities witnessed significant upswings with 75 gainers overshadowing the 9 losers. Dangote Cement stood out as a notable performer, registering a robust 9.84% gain. Additionally, Dangote Sugar experienced a commendable 10% increase, while FBN Holdings marked a resurgence in SWOOT territory with a notable 6.73% upswing.
Like the ASI, equities gained N1.82 trillion as the market capitalization appreciated to N48.139 trillion, from yesterday’s N46.319 trillion.
Concerning trading volume, there was a 32% increase in trading volume to 1.067 billion units, from yesterday’s 807.51 million units. And regarding value, there was a 43% appreciation in trading value to N15.77 billion, from yesterday’s N11.03 billion.
Market Indices
Here are the market Indices for today’s trading session
NGX All-Share Index: 87971.1 points
% Day Change: +3.93%
Day’s Lowest: 84,640.89 points
Day’s Highest: 87971.1 points
% YTD: +18%
Market Cap: N48.14 trillion
Volume Traded: 1066.84 million units
Value Traded: N15.77 billion
Top Gainers
- DANGSUGAR: +10.00% to close at N81.40
- NASCON: +10.00% to close at N71.50
- NB: +10.00% to close at N41.25
- TRANSCORP: +10.00% to close at N15.95
- BERGER: +10.00% to close at N15.40
- STERLINGNG: +10.00% to close at N7.59
Top Losers
- ROYALEX: -9.18% to close at N0.89
- MULTIVERSE: -6.59% to close at N17.00
- ELLAHLAKES: -4.79% to close at N3.38
- CILEASING: -4.55% to close at N4.20
- OANDO: -3.20% to close at N12.10
- CUSTODIAN: -2.04% to close at N9.60
Top Traded Stocks
In terms of volume, JAIZBANK (+9.94%) led with 150.64 million units, followed by AIICO (+9.38%) with 99.06 million units, FCMB (+5.26%) with 67.60 million units, STERLINGNG (+10.00%) with 55.84 million units, and TRANSCORP (+10.00%) with 48.92 million units.
Concerning value, NASCON (+10.00%) led with N2.57 billion, followed by NB (+10.00%) with N1.42 billion, UBA (+7.95%) with N1.06 billion, ZENITHBANK (+2.92%) with N939.69 million, and FCMB (+5.26%) with N814.17 million.
SWOOT Update
Trading sentiment was very positive for stocks worth over N1 trillion, as DANGCEM (+9.84%), ACCESSCORP (+4.20%), BUACEMENT (+9.96%), FBNH (+6.73%), GTCO (+2.16%), (MTNN (+1.77%), UBA (+7.95%), and ZENITHBANK (+2.92%) recorded significant price gains.
However, AIRTELAFRI, GEREGU, TRANSCOHOT, SEPLAT, and BUAFOODS recorded no price changes.
Earning season is fast approaching. We will separate the boys from the men. What fundamentals is driving Ellah Lakes, FTN Cocoa, Omatek, infinity Trust, Daar communications, Tantalizes that has nonoperational outlet in Nigeria, yet the stock price is rising., Multiverse among others. The Nigerian stock market is surely a great laugh among its peers.