After a run of bearish performances in the NGX this week, the market has bounced back, with banking stocks leading the rally.
The All-Share Index appreciated by 1.63%, gaining 1,647.79 to close at 102,802.25 points, from yesterday’s 101,154.46 points.
The market breadth was positive today, as there were 53 gainers against 18 losers. And the bullish rally was led by the banking stocks as GTCO, Zenith Bank, and Access Bank gained 10%, 9.97%, and 9.91% respectively.
Equities gained N902 billion as the market cap appreciated to N56.260, up from N55.358 trillion recorded yesterday.
In terms of trading volume, there was a 14.9% increase to 861.01 million units, from yesterday’s 749.13 million units. Concerning value, there was a 45.9% decline to N12.16 billion, from yesterday’s N22.49 billion.
Market Indices
- NGX All-Share Index: 102,805.25 points
- % Day Change: +1.63%
- Day’s Lowest: 100,573.39 points
- Day’s Highest: 102,818.72 points
- % YTD: +37.48%
- Market Cap: N56.26 trillion
- Volume Traded: 749.13 million units
- Value Traded: N12.16 billion
Top Gainers
- GTCO: +10.00% to close at N40.70
- CHAMS: +10.00% to close at N2.64
- CAVERTON: +10.00% to close at N1.87
- VERiTASKAP: +10.00% to close at N0.66
- NASCON: +9.98% to close at N67.75
- ZENITHBANK: +9.97% to close at N38.60
Top Losers
- DEAPCAP: -9.88% to close at N0.73
- CWG: -9.87% to close at N6.85
- RTBRISCOE: -9.86% to close at N0.64
- UPL: -9.76% to close at N3.33
- MCNICHOLS: -9.43% to close at N1.44
- SUNUASSUR: -9.29% to close at N1.66
Top Traded Stocks
In terms of volume, UNIVINSURE (-7.69%) led with 113.76 million units, followed by TRANSCORP (+8.02%) followed by 91.02 million units, ZENITHBANK (+9.97%) with 74.32 million units, UBA (+9.84%) with 69.18 million units, and VERITASKAP (+10.00%) with 58.74 million units.
In terms of value, ZENITHBANK (+9.97%) led with N2.76 billion, followed by UBA (+9.84%) with N1.72 billion, GTCO (+10.00%) with N1.29 billion, TRANSCORP (+8.02%) with N1.56 billion, and ACCESSCORP (+9.91%) with N637.85 million.
SWOOT and FUGAZ Update
Trading sentiment was very positive for stocks worth over N1 trillion, as GTCO (+10.00%), ZENITHBANK (+9.97%), and BUAFOODS (+4.86%) recorded price gains, while MTNN (-2.14% recorded a price drop.
Other SWOOT stocks, AIRTELAFRI, BUACEMENT, DANGCEM, SEPLAT, and GEEREGU recorded no price changes.
For the tier-1 banks, UBA (+9.84%), FBNH (+9.91%), and ACCESSCORP (+9.91%) recorded phenomenal gains.
