The Nigerian Exchange (NGX) experienced a notable downturn, signaling the commencement of a take-profit phase, as the All-Share Index depreciated by 0.44% to close at 71,041.05 points. This downturn resulted in equities losing N165 billion, causing the market capitalization to decline to N38.875 trillion. Key players like CWG and DANGCEM, some of the market’s best performers this year, saw reductions in their gains, with CWG declining by 9.45%, and DANGCEM losing 2.44%.
The volume of trading witnessed a decline to 534.619 million units, compared to the previous day’s 746.67 million units. Similarly, there was a slight dip in trading value, settling at N5.62 billion, down from N5.945 billion the previous day.
Market Indices Snapshot:
– NGX All-Share Index: 71,041.05 points
– % Day Change: -0.44%
– Day’s Lowest: 71,000.10 points
– Day’s Highest: 71,438.19 points
– % Year-to-Date (YTD): +38.61%
– Market Cap: N38.88 trillion
– Volume Traded: 534.62 million
– Value: N5.62 billion
– Deals: 8,136
Top Gainers and Losers:
Top Gainers:
1. NSLTECH: +10% to close at N0.66
2. MECURE: +9.99% to close at N10.13
3. SUNUASSUR: +9.68% to close at N1.36
4. CONHALLPLC: +9.17% to close at N1.19
5. ROYALEX: +6.35% to close at N0.67
Top Losers:
1. Omatek: -10% to close at N0.81
2. Ikeja Hotel: -9.87% to close at N4.20
3. Neimeth: -9.87% to close at N2.01
4. WAPIC: -9.72% to close at N0.65
5. CWG: -9.45% to close at N6.90
Top Traded Stocks:
By Volume:
1. ACCESSCORP (-0.55%) with 52.36 million units
2. TRANSCORP (-1.63%) with 46.56 million units
3. UPDCREIT (+1.19%) with 46.21 million units
4. UBA (+1.18%) with 36.35 million units
5. UNITYBNK (+0.60%) with 31.25 million units
By Value:
1. ACCESSCORP with N942.76 million
2. UBA with N774.30 million
3. ZENITHBANK (-0.42%) with N358.33 million
4. GTCO (-0.90%) with N338.64 million
5. OANDO (-1.71%) with N319.66 million
SWOOTs and FUGAZ Update:
In the SWOOTs category, DANGCEM (-2.44%), GTCO (-0.90%), and ZENITHBANK (-0.42%) witnessed price declines, while the remaining members showed no price changes. For Tier-1 banks, ACCESSCORP, GTCO, and ZENITHBANK recorded declines, whereas FBNH (+1.36%) and UBA (+1.18%) experienced price gains, marking a reversal from the previous day’s trend.
Investors are closely monitoring the NGX as it navigates this take-profit phase, with the market exhibiting a mix of gainers and losers across various sectors.
