The Nigerian Exchange Group (NGX) witnessed a turbulent start to the trading week as the All-Share Index experienced a 0.66% decline, closing at 70,946.83 points after a relatively quiet week of trading. Equities faced a significant setback, losing N259 billion, leading to a market capitalization drop from N39.082 trillion to N38.823 trillion compared to the previous Friday.
Trading volumes saw a slight uptick, reaching 358.527 million units, a marginal increase from the 352.860 million units recorded the previous Friday. However, the overall market value suffered a 30% decline, plummeting to N7.1 billion, down from last week’s N10.16 billion.
Market Indices and Performance:
– NGX All-Share Index: 70,946.83 points
– % Day Change: -0.66%
– Day’s Lowest: 70,941.82 points
– Day’s Highest: 71,607.91 points
– % YTD: +38.43%
– Market Cap: N38.82 trillion
– Volume Traded: 358.53 million
– Value: N7.10 billion
– Deals: 6,433
Top Gainers and Losers:
Top Gainers:
– THOMASWY: +10.00% to close at N2.75
– FBNH: +9.93% to close at N24.35
– DAARCOMM: +9.68% to close at N0.34
– DEAPCAP: +9.68% to close at N0.68
– NEIMETH: +9.63% to close at N2.05
Top Losers:
– BUACEMENT: -10.00% to close at N93.60
– MCNICHOLS: -9.33% to close at N0.68
– CWG: -7.50% to close at N6.66
– UPDC: -7.14% to close at N1.17
– MBENEFIT: -7.14% to close at N0.52
Top Traded Stocks:
By Volume:
– UNIVINSURE (+7.41%): 58.85 million units
– TRANSCORP (+2.07%): 24.38 million units
– GTCO (+0.26%): 23.37 million units
– UNITYBNK (+1.95%): 19.14 million units
– UBA (-0.23%): 18.98 million units
By Value:
– AIRTELAFRI (0.00): N3.27 billion
– GTCO (+0.26%): N916.56 million
– ZENITHBANK (-0.43%): N565.1 million
– UBA (-0.23%): N404.71 million
– FBNH (+9.93%): N259.35 million
SWOOT and FUGAZ Update:
– BUACEMENT (-10.00%) led the losers’ chart among stocks worth over one trillion, with ZENITHBANK (-0.43%) also experiencing a decline.
– GTCO (+0.26%) saw a price gain, while other category members (BUAFOODS, DANGCEM, AIRTELAFRI, SEPLAT, and MTNN) reported no price change.
– For Tier-1 banks, FBNH (+9.93%) appeared on the top gainers chart, while GTCO (+0.26%) and ACCESSCORP (+0.83%) also experienced price gains. UBA (-0.23%) and ZENITHBANK (-0.43%) faced price declines.
