The Nigerian Stock Exchange’s All-Share Index (ASI) witnessed a remarkable surge, climbing by 743.66 points to reach an unprecedented high of 100,335.3 points, a level not seen since February 27, 2024.
The market experienced a substantial gain of N420 billion, attributed to increased investor confidence in equities, propelling the market capitalization to N56.73 trillion.
Driving this outstanding performance were notable increases in the share prices of MTN Nigeria and TRANSPOWER.
Investors were buoyant, with MTNN and DANGSUGAR leading the pack, each recording a remarkable 10% growth. Conversely, FTNCOCOA and GUINNESS faced declines of 10% each, emerging as the worst performers among the 33 stocks that depreciated.
TRANSCORP emerged as the most traded stock of the day, garnering significant attention both in terms of volume and value.
Market activity saw improvement, with a total of 9,708 deals recorded for the day, surpassing the 9,338 deals reported in the previous session.
Market Indices:
– NGX All-Share Index: 100,335.3 points
– Previous ASI: 99,591.64 points
– % Day Change: +0.75%
– % YTD: +34.19%
– Market Cap: N56.73 trillion
– Volume Traded: 554.72 million units
– Value: N17.73 billion
– Deals: 9,708
Top Gainers:
– MTNN: +10% to close at N201.30
– DANGSUGAR: +10% to close at N50.60
– TRANSPOWER: +9.99% to close at N351.30
– JULI: +9.96% to close at N4.97
– NASCON: +9.92% to close at N47.65
Top Losers:
– FTNCOCOA: -10% to close at N1.53
– GUINNESS: -10% to close at N45.90
– TRANSCORP: -9.95% to close at N17.10
– IKEJAHOTEL: -9.93% to close at N6.08
– REDSTAREX: -9.87% to close at N3.38
Top Traded Stocks:
– TRANSCORP: 301.36 million units
– STRELINGNG: 33.32 million units
– FBNH: 23.21 million units
– UBA: 18.38 million units
– ZENITHBANK: 17.08 million units
The value of shares traded slightly dropped by 9.11% to N17.73 billion compared to N19.51 billion recorded in the previous session.
In the SWOOT group, MTN Nigeria and TRANSPOWER observed gains in market values, while banking sector stocks experienced losses. Other SWOOT companies maintained steady stock prices despite market fluctuations.
Overall, the market’s performance reflects a surge in investor confidence and optimism, driving the equity market to new heights.
