Emmanuel Ochayi
At the beginning of the week, the Nigerian stock market witnessed a surge as the All-Share Index (ASI) soared by 1.45%. Closing at a commanding 68,111.71 index points, it marked an uptick from the 67,136.58 points observed on the preceding Friday.
As market participants cheered the rally, equities enjoyed a N536 billion gain, pushing the market capitalization to N37.421 trillion, up from the previous session’s N36.885 trillion.
Join our WhatsApp ChannelThe bullish sentiment extended to trading activity, with the market witnessing 7,656 deals, a notable 43.8% increase compared to the previous trading session. An astonishing 101% surge in trading volume was also witnessed, as 430.393 million shares changed hands today, contrasting with the 214.15 million shares traded the week before.
In terms of trading value, the market’s turnover was equally robust, recording N8.26 billion for the day, a leap from N5.18 billion the previous Friday.
READ ALSO: NGX: FLOUR MILL, University Press, Others Among Top Gainers As All-Share Index Gains 0.5%
As the market indices painted a picture of this day: NGX All-Share Index: 68,111.71 points % Day Change: +1.45%, Day’s Lowest: 67,134.14 points, Day’s Highest: 68,111.71 points, % YTD: +32.90%. Market Cap: N37.42 trillion. Volume Traded: 430.39 million. Value: N8.26 billion. Deals: 7,656
Top Gainers:
NNFM, +10.00% to close at N18.15, CHELLARAM, +9.77% to close at N3.82, UACN, +9.54% to close at N14.35, NAHCO, +9.45% to close at N26.05, TIP, +9.43% to close at N1.16.
Top Losers:
MEYER, -9.87% to close at N2.74, ABBEYBDS, -9.71% to close at N1.86, REGALINS, -8.33% to close at N0.33, RTBRISCOE, -6.00% to close at N0.47, JAIZBANK, -5.95% to close at N1.58
Top Traded Stocks:
UNIVINSURE (+8.70%) led with 94.75 million shares, UBA (+4.47%) with 51.26 million shares, CUSTODIAN (+1.43%) with 33.25 million shares, TRANSCORP (-0.32%) with 32.48 million shares, ZENITHBANK (+0.60%) with 24.42 million shares.
In terms of trading value:
GEREGU (+4.08%) led with N1.95 billion, UBA (+4.47%) with N1 billion, ZENITHBANK (+0.60%) with N818.12 million, GTCO (0.00%) with N645.69 million, ACCESSCORP (+0.29%) with N291.49 million.
In the realm of Sweets and Fugaz (SWOOT and FUGAZ), notable stocks like AIRTELAFRI, BUACEMENT, BUAFOODS, SEPLAT, and GTCO maintained their price stability, while ZENITHBANK (+0.60%) celebrated a price appreciation, and MTNN (-0.20%) witnessed a decline.
For Tier-1 banks, trading was mostly positive with ACCESSCORP (+0.29%), ZENITHBANK (+0.29%), UBA (+4.47%), and FBNH (+4.04%) all recording price appreciations, while GTCO maintained its price stability.
In the words of market enthusiasts, Monday’s performance reflects the exuberance of investors and sets the tone for an exciting week ahead.
Emmanuel Ochayi is a journalist. He is a graduate of the University of Lagos, School of first choice and the nations pride. Emmanuel is keen on exploring writing angles in different areas, including Business, climate change, politics, Education, and others.
