The Nigerian Stock Exchange (NGX) kicked off the year on an exceptionally bullish note, with the All-Share Index soaring past the 75,000 mark. The index experienced a remarkable gain of 1.63%, surging by 1,217.11 points to conclude the trading session at an impressive 75,990.88 points.
On the first trading day of the year, equities collectively gained an astounding N663 billion, propelling the market capitalization to close at N41.583 trillion. The driving force behind these gains was the stellar performance of blue-chip stocks, with notable contributions from AIRTELAFRI, BUACEMENT, and ZENITHBANK, which witnessed increases of 5.99%, 5.15%, and 0.91%, respectively.
Market activity was marked by an increase in trading volume, reaching 515.807 million units compared to the previous session’s 368.629 million units. However, there was a slight decrease in trading value, totaling N5.57 billion, down from the previous N12.82 billion.
Key Market Indices:
– NGX All-Share Index: 75,990.88 points
– % Day Change: +1.63%
– Day’s Lowest: 74,747.64 points
– Day’s Highest: 76,034.56 points
– % YTD: +1.63%
– Market Cap: N41.58 trillion
– Volume Traded: 515.81 million units
Top Gainers:
– AIICO: +10.00% to close at N0.88
– LINKASSURE: +10.00% to close at N0.88
– SUNUASSUR: +10.00% to close at N1.21
– DAARCOMM: +10.00% to close at N0.99
– IKEJAHOTEL: +10.00% to close at N6.60
– INFINITY: +10.00% to close at N6.60
Top Losers:
– CADBURY: -10.00% to close at N17.10
– THOMASWY: -10.00% to close at N2.43
– MECURE: -10.00% to close at N10.80
– PRESTIGE: -9.80% to close at N0.46
– CONHALLPLC: -9.52% to close at N1.33
– Omatek: -9.21% to close at N0.69
Top Traded Stocks:
By Volume
1. MBENEFIT (-5.66%) with 101.63 million units
2. TRANSCORP (+9.93%) with 46.65 million units
3. UNITYBANK (+9.88%) with 35.22 million units
4. JAIZBANK (+0.52%) with 26.99 million units
5. UBA (+1.36%) with 20.07 million units
By Value
1. AIRTELAFRI (+5.99%) with N741.78 million
2. GTCO (-0.99%) with N601.93 million
3. UBA (+1.36%) with N513.85 million
4. TRANSCORP (+9.93%) with N440.67 million
5. ZENITHBANK (+0.91%) with N427.62 million
Tier-1 Banks and Market Giants Update:
Positive trading was observed for stocks exceeding N1 trillion in worth, with AIRTELAFRI, BUACEMENT, and ZENITHBANK making gains. Conversely, GTCO experienced a slight decline. Other prominent market players, including BUAFOODS, DANGCEM, MTNN, and SEPLAT, maintained their prices without significant changes.
Tier-1 banks reported a favorable trading day, with FBNH, UBA, ACCESSCORP, and ZENITHBANK recording price gains. However, GTCO recorded a price decline.
The market’s robust start to the year reflects positive investor sentiment and sets an optimistic tone for the months ahead.
