Emmanuel Ochayi
In a turn of events, the equities market yesterday made a rebound after several days of bearish performance. The All-Share Index surged by 0.5%, reaching 67,217.77 points, marking a positive shift in investor sentiment.
The positive momentum translated into a notable N187 billion gain in market capitalization, pushing it to N36.9329 trillion from the previous day’s N36.742 trillion. This upward trend was supported by a 44.26% increase in trade turnover, with 319.90 million shares valued at N6.33 billion exchanged through 6,272 deals.
Join our WhatsApp ChannelIn the list of top gainers, Flour Mills of Nigeria (FLOURMILL), University Press (UPL), and Chams Holdings (CHAMS) shone brightly with gains of +9.93%, +9.81%, and +9.37%, respectively. Geregu Power (GEREGU) and Thomas Wyatt (THOMASWY) rounded off the top five gainers, posting impressive gains of +9.05% and +9.02%, respectively.
VFD Group (VFDGROUP) took the lead in the losers’ category, experiencing a -9.98% decrease in its share price. ABC Transport (ABCTRANS), FTN Cocoa Processors (FTNCOCOA), Nigerian Exchange Group (NGXGROUP), and Vitafoam Nigeria (VITAFOAM) followed as the top five losers of the day.
On the trading front, Access Holdings (ACCESSCORP) led in terms of volume, with 50.78 million units traded. GTCO Holdings (GTCO), Fidelity Bank (FIDELITYBK), UBA, and Sterling Nigeria (STERLINGNG) also saw substantial trading activity.
In the value traded category, GTCO Holdings (GTCO) took the top spot with N1.497 billion, followed by Access Holdings (ACCESSCORP), UBA, Nestle Nigeria (NESTLE), and Fidelity Bank (FIDELITYBK).
Notably, among stocks worth over one trillion, BUACEM, BUAFOOD, AIRTELAFRI, DANGCEM, and SEPLAT held steady with no price changes, while MTNN, GTCO, and ZENITHBANK recorded appreciations of 0.20%, 1.14%, and 0.90%, respectively.
For Tier-1 banks, it was a positive trading day with UBA (+3.92%) and GTCO (+1.14%) witnessing share price increases, while FBNH, ZENITHBANK, and ACCESSCORP remained stable with no price changes from the previous day.
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.
