Emmanuel Ochayi
In a display of strength, the Nigerian stock market experienced a surge today, with the NGX All-Share Index (ASI) breaking new ground and reaching an all-time high of 72,455.83.
This upward momentum was fueled by an increase of 156.04 points, reflecting the optimism among investors.
Join our WhatsApp ChannelMarket capitalization witnessed a boost, rising by N85 billion and culminating at N39.65 trillion, showcasing the financial vibrancy of the market. Leading this charge were the powerhouse banks, ACCESSCORP, ZENITHBANK, and UBA, posting gains of 3.40%, 1.92%, and 2.50%, respectively.
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Trading activities mirrored this positive trend, with a turnover of N7.255 billion today, albeit slightly lower than the previous day’s figure of N8.076 billion. The trading volume, however, saw an uptick, reaching 446.58 million units compared to 433.18 million units yesterday.
The NGX All-Share Index closed at 72,455.83 points with a day’s change of +0.22%, reaching a low of 71,541.74 points and a high of 72,455.83 points. The year-to-date percentage is +41.37%, and the market capitalization stands at N39.65 trillion.
The total volume traded is 446.58 million units, valued at N7.26 billion, involving 6,845 deals. Top gainers include INFINITY (+9.83%), JOHNHOLT (+9.73%), and IKEJAHOTEL (+9.20%), while top losers are RTBRISCOE (-9.84%), UPDCREIT (-9.78%), and MBENEFIT (-9.43%).
ACCESSCORP leads in trading volume (77.25 million units) and value (N1.76 billion), followed by FCMB, ZENITHBANK, UBA, and FIDELITYBK.
In the SWOOTs group, ZENITHBANK gained in market value, GTCO declined, and others showed no changes. The positive market trajectory is attributed to the strong performance of tier-1 banks, with FBNH, ACCESS HOLDINGS, UBA, and ZENITH BANK as top gainers and GTCO as the only banking stock with a decline of 0.38%.
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.
