In a noteworthy rebound, the Nigerian Exchange Group (NGX) showed resilience, gaining 540.88 points and closing at 82,565.26 points, marking a 0.66% increase. Banking stocks spearheaded this bullish run, with FBNH, GTCO, UBA, and ZENITHBANK posting significant gains, contributing to a positive market breadth of 48 gainers against 22 losers.
The market witnessed a notable uptick in equities, adding N314 billion to the market capitalization, which closed at N45.199 trillion, up from the previous day's N44.885 trillion. Despite a decline in trading volume by 46.5% to 877.28 million units, and a 43.2% decrease in trading value to N14.41 billion, the market indices remained resilient.
Key Market Indices:
- NGX All-Share Index: 82,565.26 points
- % Day Change: +0.66%
- Day’s Lowest: 81,640.42 points
- Day’s Highest: 82,647.54 points
- % YTD: +10.42%
- Market Cap: N45.20 trillion
- Volume Traded: 877.28 million units
- Value Traded: N14.41 billion
Top Gainers:
- ROYALEX: +10.00% to close at N0.99
- GUINEAINS: +10.00% to close at N0.44
- JBERGER: +9.92% to close at N56.50
- CADBURY: +9.77% to close at N21.90
- TIP: +9.74% to close at N1.69
- MCNICHOLS: +9.71% to close at N1.13
Top Losers:
- IKEJAHOTEL: -9.90% to close at N7.83
- ABBEYBDS: -9.66% to close at N2.73
- CAVERTON: -9.66% to close at N1.87
- DAARCOMM: -9.38% to close at N0.87
- NPFMCRFBK: -7.91% to close at N1.98
- HONYFLOUR: -6.41% to close at N3.65
Top Traded Stocks:
- TRANSCORP (+4.12%) led in volume with 74.535 million units
- ZENITHBANK (+1.99%) led in value with N1.98 billion
- UBA (+4.94%), ACCESSCORP (+1.08%), and MTNN (+0.35%) also featured prominently
SWOOT and FUGAZ Update:
Positive trading sentiment prevailed for stocks worth over N1 trillion, with MTNN, ZENITHBANK, UBA, BUACEMENT, and GTCO recording price gains. Notable among them, ACCESSCORP appreciated by 1.08% to surpass the N1 trillion market capitalization level, while FBNH marked a 6.78% increase, nearing the N1 trillion milestone at N989 billion.