The NGX ended the day unchanged for the second straight day, while the market saw a slight decrease of 0.09% to end at 71,003.98 points.
At N39.05 trillion, the market capitalization, stocks also saw a N34 billion fall. Unity Bank’s share price surged by more than 9% for the second day in a row, topping the gainers list and finishing at N1.54.
The price of Unity Bank’s shares has increased by more than 57% since last Thursday’s announcement of the bank’s alleged merger with Providus Bank, suggesting that market participants are trying to increase the buyout price for the bank’s shares.
In a continuation of a surprising debut on the market, Mecure Industries Plc gained another 9.96% to close today at N7.62, taking the company’s market capitalization to N30.4 billion, as against the N11.8 billion it debuted with on the market.
There was an increase in the number of deals to 6,677 deals against yesterday’s 6,549.
However, there was a drop in the volume traded with 428.443 million units against yesterday’s 491.398 million units.
There was a significant increase in trading value to N7.37 billion, compared to yesterday’s N3.22 billion.
NGX All-Share Index: 71,003.98 points
% Day Change: -0.09%
Day’s Lowest: 70,968.35 points
Day’s Highest: 71,089.79 points
% YTD: +38.54%
Market Cap: N39.05 trillion
Volume Traded: 428.443.398 million units
Value: N7.37 billion
Deals: 6,677
Top Gainers
RTBRISCOE: +10% to close at N0.66
DAARCOMM: +10% to close at N0.33
UNITYBNK: +10% to close at N1.54
MECURE: +9.96% to close at N7.62
MULTIVERSE: +9.82% to close at N4.81
Top Losers
CILEASING: -7.56% to close at N5.26
PRESTIGE: -7.55% to close at N0.49
INTBREW: -5.56% to close at N4.25
REGALINS: -5.13% to close at N0.39
UPDCREIT: -4.60% to close at N4.15
Top Traded Stocks
In terms of trading volume, VERITASKAP (+8.82%) led with 62.08 million units, followed by UNITYBNK (+10.00%) with 38.66 million units, GTCO (+2.41%) with 33.87 million units, UBA (-0.24%) with 19.72 million units, and JAIZBANK (+1.25%) with 19.05 million units.
In terms of value, MTNN (-0.63%) led with N2.81 billion, GTCO (+2.41%) followed with N1.28 billion, STANBIC (0.00%) with N519.28 million, ZENITH BANK (+0.60%) with N479.83 million, UBA (-0.24%) with N407.35 million.
SWOOTs and FUGAZ Update
Stocks worth over N1 trillion continued their flat run, as AIRTELAFRI, DANGCEM, SEPLAT, BUAFOODS, and BUACEMENT experienced no price change. However, GTCO (+2.41%) and ZENITHBANK (+0.60%) experienced price gains, while MTNN (-0.63%) recorded a price decline.
Tier-1 banks experienced a trading swing as ZENITHBANK and GTCO recorded price gains, while FBNH (-4.00%) and UBA (-0.24%) recorded price declines. ACCESSCORP recorded no price change
