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On the last trading day of the week, the NGX All-Share Index recorded a 2.87% gain as it appreciated by 2,641.15 points to close at 94,538.12 points.
Trading was led by SWOOTs such as SEPLAT and BUA Cement, which gained 10% apiece, while Dangote Cement gained 9.98%.
Similar to the ASI, equities gained N1.445 trillion as the market cap appreciated to N51.735 trillion, from yesterday’s N50.29 trillion.
This week, the NGX has recorded one of its highest-ever weekly gains, with an appreciation of 13.8% in a single week. The week’s performance has contributed to the NGX’s year-to-date returns of 26.4%.
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There was a 25.9% decline in trading volume to 844.49 million units from yesterday’s 1.14 billion units. And there was a 22% decline in trading value to N15.04 billion, from yesterday’s N19.29 billion.
Market Indices
- NGX All-Share Index: 94,538.15 points
- % Day Change: +2.87%
- Day’s Lowest: 91,793.80 points
- Day’s Highest: 94,538.12 points
- % YTD: +26.43%
- Market Cap: N51.74 trillion
- Volume Traded: 844.49 million units
- Value Traded: N15.04 billion
Top Gainers
- SEPLAT: +10.00% to close at N2,541.00
- BUACEMENT: +10.00% to close at N148.50
- MAYBAKER: +9.99% to close at N8.26
- DANGCEM: +9.98% to close at N538.80
- HONYFLOUR: +9.96% to close at N5.85
- JOHNHOLT: +9.88% to close at N2.78
Top Losers
- LASACO: -9.85% to close at N2.47
- CILEASING: -9.82% to close at N3.95
- MBENEFIT: -9.41% to close at N0.77
- NAHCO: -9.38% to close at N33.80
- PZ: -9.31% to close at N33.55
- SOVRENINS: -9.09% to close at N0.60
Top Traded Stocks
In terms of volume, TRANSCORP (-2.86%) led with 80.32 million units, followed by VERITASKAP (+2.67%) with 80.07 million units, FIDELITYBK (-0.77%) with 60.55 million units, JAIZBANK (-1.43%) with 36.32 million units, and UBA (-0.16%) with 34.86 million units.
In terms of value, ZENITHBANK (+1.58%) led with N1.55 billion, followed by TRANSCORP (-2.86%) with N1.52 billion, UBA (-0.16%) with N1.08 billion, WAPCO (+2.17%) with N876.4 million, and BUACEMENT (+10.00%) with N854.2 million.
SWOOT and FUGAZ Update
For stocks worth over N1 trillion, the trading sentiment was positive as BUACEMENT (+10.00%), SEPLAT (+10.00%), DANGCEM (+9.98%), ZENITHBANK (+1.58%), MTNN (+0.69%), and ACCESSCORP (+1.69%) recorded price gains. However, GTCO (-3.08%) and UBA (-0.16%) recorded price declines.
AIRTELAFRI, BUAFOODS, TRANSCOHOT, and GEREGU recorded no price changes.
FBNH, the only non-SWOOT tier-1 bank, continued its decline, recording a 1.3% decline, thus contributing to a 5% decline this week.
Watch out for DANGCEM on Monday, it may be the first ever SWOTT(stock worth over ten trillion) on NGX!!!
Two expectations for next week: DANGCEM crosses above 10trillion market cap,
ASI crosses above 100,000 points!!!
Well for me, in the coming weeks till end of January, likely going to be decline. Selling off to pay bills etc/profit taking
And we’re there!!
DANGCEM now at over N10trn market cap!!