Nigerian Exchange (NGX) has continued to record a boom in 2024, the highest single-day gain since June 13, 2023.
Gatekeepers News reports that the All-Share Index has appreciated by 3.57%, gaining 2,867.31 points to reach a total of 83,191.84 points.
The milestone achieved comes one day after the All-Share Index crossed the 80,000 mark.
Equities gained about N1.567 trillion as the market capitalisation appreciated by 3.57% to N45.524 trillion, from Monday’s N43.957 trillion.
FBN Holdings (First Bank) and some of the biggest gainers in the market which gained about 10% to rebound back into the SWOOT category.
Consumer goods companies, Unilever and Cadbury also gained about 10% each.
In terms of trading volume, there was an 18.5% appreciation to 1.41 billion units, compared to yesterday’s 1.19 billion units. Also, in trading value, there was a whopping 61.7% appreciation to N24.68 billion from yesterday’s N15.26 billion
Market Indices
See the market Indices for today’s trading session
- NGX All-Share Index: 83,191.84 points
- % Day Change: +3.57%
- Day’s Lowest: 80,302.25 points
- Day’s Highest: 83,240.25 points
- % YTD: +11.26%
- Market Cap: N45.52 trillion
- Volume Traded: 1,410 million units
- Value Traded: N24.68 billion
Top Gainers
- FBNH: +10.00% to close at N28.60%
- CADBURY: +10.00% to close at N18.15
- UNILEVER: +10.00% to close at N18.15
- FTNCOCOA: +10.00% to close at N2.20
- MBENEFIT: +10.00% to close at N0.77
- GUINEAINS: +10.00% to close at N0.44
Top Losers
- TOTAL: -10.00% to close at N346.50
- DAARCOMM: -9.40% to close at N1.06
- RTBRISCOE: -8.45% to close at N0.65
- SUNUASSUR: -7.69% to close at N1.20
- PRESTIGE: -7.41% to close at N0.50
- THOMASWY: -6.37% to close at N2.50
For Top Traded Stocks
- FIDELITYBK (+4.49%) led with about 141.75 million units
- FCMB (+9.86%) with 128.97 million units
- UBA (+9.03%) with 117.71 million units
- TRANSCORP (+2.81%) with 108.34 million units
- ACCESSCORP (+8.39%) with 85.08 million units.
In terms of value:
- UBA (+9.03%) topped with N3.78 billion
- ACCESSCORP (+8.39%) with N2.53 billion
- GTCO (+9.55%) with N2.14 billion
- ZENITHBANK (+9.99%) with N2.12 billion
- FIDELITYBK (+4.49%) with N1.97 billion
SWOOT and FUGAZ Update
There was an extremely positive trading sentiment for stocks worth over N1 trillion as almost all of the members of the SWOOT category recorded impressive gains.
Although GTCO (+9.55%), ZENITHBANK (+9.99%), UBA (+9.03%), BUAFOODS (+5.59%), MTN (+3.51%), and DANGCEM (+3.72%) all recorded gains, BUACEMENT, AIRTELAFRI, and SEPLAT recorded no price changes.
FBNH gained 10%, surpassing the N1 trillion market capitalisation level.
Nevertheless, this is not the first time the group has reached this milestone.
Meanwhile, Tier-1 banks drove the market’s positive performance, as they all recorded impressive gains, FBNH (+10.00%), UBA (+9.03%), GTCO (+9.55%), ACCESSCORP (+8.39%), and ZENITHBANK (+9.99%).
