The Nigerian Exchange Limited (NGX) continued its bullish trend, recording a 0.11% increase in the All-Share Index, reaching 71,365.25 points. This positive movement resulted in a N51 billion gain in market capitalization, bringing it to N39.052 trillion. The year-to-date return for the market now stands at 39.25%. Traded volume increased to 540.086 million units, and the value traded rose significantly to N10.24 billion. The market’s performance was characterized by various gainers and losers, with notable movements in individual stocks.
Key Points:
- Market Performance:
- All-Share Index: 71,365.25 points (0.11% increase)
- Market Capitalization: N39.05 trillion (N51 billion gain)
- Year-to-Date Return: 39.25%
- Volume Traded: 540.09 million
- Value Traded: N10.24 billion
- Deals: 6,516
- Top Gainers:
- NNFM: +10.00% to N35.20
- THOMASWY: +9.62% to N2.28
- MECURE: +9.09% to N12.00
- CHAMPION: +7.69% to N3.50
- ETI: +6.25% to N17.00
- Top Losers:
- NSLTECH: -9.72% to N0.65
- UNITYBNK: -9.68% to N1.40
- TANTALIZER: -9.43% to N0.48
- DAARCOMM: -9.38% to N0.29
- DEAPCAP: -8.62% to N0.59
- Top Traded Stocks:
- Volume: GTCO (+1.43%), UNIVINSURE (-3.85%), CONHALLPLC (+0.77%), TRANSCORP (+2.20%), FBNH (+0.92%)
- Value: GTCO, AIRTELAFRI (+0.56%), MTNN, SEPLAT, FBNH (+0.92%)
- SWOOT and FUGAZ:
- Mixed trading for stocks worth over one trillion, with gains recorded by AIRTELAFRI and GTCO, and a price drop for ZENITHBANK.
- Tier-1 banks also saw mixed trading, with GTCO, FBNH, and ACCESSCORP recording gains, while ZENITHBANK recorded a price drop.
Conclusion: The NGX’s bullish performance, marked by the gain in the All-Share Index and market capitalization, reflects positive investor sentiment. The mixed trading activity for high-cap stocks and tier-1 banks indicates varied market dynamics. The overall positive trajectory contributes to the market’s year-to-date return, showcasing resilience amid market fluctuations.
