Banks Rebound As NGX Appreciates By 0.66%

Nigeria Stock Exchange, NGX has rebounded from yesterday’s record, as the All-Share Index, ASI, appreciated by 0.66%, gaining 540.88 points to close at 82,565.26 points today.

Gatekeepers News reports that banking stocks were the major drivers of the bullish run.

FBNH (+6.78%), GTCO (+2.27%), UBA (+4.94%), and ZENITHBANK (+1.99%) recorded remarkable gains, as the market breadth was positive as there were 48 gainers, against 22 losers.

Meanwhile, equities gained N314 billion, as the market capitalization appreciated by 0.66% to close at N45.199 trillion, up from yesterday’s N44.885 trillion.

On the other hand, there was a 46.5% decline in trading volume to 877.28 million units, from Wednesday’s 1.641 billion units. Similarly, in terms of value, there was also a 43.2% decline in trading value to N14.41 billion, from yesterday’s N25.38 billion.

Market Indices

Here are the market Indices for today’s trading session

• NGX All-Share Index: 82,565.26 points
• % Day Change: +0.66%
• Day’s Lowest: 81,640.42 points
• Day’s Highest: 82,647.54 points
• % YTD: +10.42%
• Market Cap: N45.20 trillion
• Volume Traded: 877.28 million units
• Value Traded: N14.41 billion

Top Gainers

• ROYALEX: +10.00% to close at N0.99
• GUINEAINS: +10.00% to close at N0.44
• JBERGER: +9.92% to close at N56.50
• CADBURY: +9.77% to close at N21.90
• TIP: +9.74% to close at N1.69
• MCNICHOLS: +9.71% to close at N1.13

Top Losers

• IKEJAHOTEL: -9.90% to close at N7.83
• ABBEYBDS: -9.66% to close at N2.73
• CAVERTON: -9.66% to close at N1.87
• DAARCOMM: -9.38% to close at N0.87
• NPFMCRFBK: -7.91% to close at N1.98
• HONYFLOUR: -6.41% to close at N3.65

Top Traded Stocks

In volume:

• TRANSCORP (+4.12%) led with 74.535 million units
• STERLINGNG (+3.32%) with 54.324 million units
• ACCESSCORP (+1.08%) with 54.118 million units
• AIICO (+3.17%) to close at 53.904 million units
• UBA (+4.94%) with 52.274 million units

In value:

• ZENITHBANK (+1.99%) led with N1.98 billion
• UBA (+4.94%) with N1.57 billion
• ACCESSCORP (+1.08%) with N1.51 billion
• MTNN (+0.35%) with N963.33 million
• TRANSCORP (+4.12%) with N935.42 million

SWOOT and FUGAZ Update

The trading sentiment was positive for stocks worth over N1 trillion, as MTNN (+0.35%), ZENITHBANK (+1.99%), UBA (+4.94%), BUACEMENT (+0.54%), and GTCO (+2.27%) recorded price gains. While DANGCEM, BUAFOODS, AIRTELAFRI, and SEPLAT recorded no price changes.

ACCESSCORP appreciated by 1.08% to cross over into the N1 trillion market capitalization level today.

Similarly, FBNH appreciated by 6.78% to hit a market capitalization of N989 billion, N11 billion shy of the N1 trillion mark.