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NGX Bullish Run Continues, Crossing 80,000 mark

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As expected, the NGX All-Share Index has passed the 80,000 mark, as the All-Share Index closed at 80,324.53 points on January 8, 2024.

Equities gained N363 billion as the market cap appreciated to N43.957 trillion, from last Friday’s N43.594 trillion.

There was a 33.3% appreciation in traded volume to 1.19 billion units, from last Friday’s 892.68 million units. In terms of value, there was an appreciation of N15.26 billion, from last Friday’s N14.33 billion.

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NGX All-Share Index: 80,324.53 points

% Day Change: +0.75%

Day’s Lowest: 79,562.13 points

Day’s Highest: 80,324.53 points

% YTD: +7.42%

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Market Cap: N43.96 trillion

Volume Traded: 1,190.16 million units

Value Traded: N15.26 billion

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Top Gainers

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JBERGER: +10.00% to close at N46.75

CUTIX: +10.00% to close at N2.75

JAIZBANK: +10.00% to close at N2.53

LASACO: +10.00% to close at N2.42

CORNERST: +10.00% to close at N1.87

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OMATEK: +10.00% to close at N0.99

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Top Losers

DAARCOMM: -9.30% to close at N1.17

ETERNA: -8.79% to close at N15.05

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CWG: -7.05% to close at N8.30

PZ: -6.90% to close at N27.00

FIDELITYBK: -5.99% to close at N13.35

MCNICHOLS: -5.88% to close at N0.96

Read Also: Exchange: Dangote Sugar, UBA top gainers chart as NGX soars, crosses 77,000 mark

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Top Traded Stocks

In terms of volume, TRANSCORP (+9.79%) led with 298.3 million units, followed by FCMB (+9.23%) with 106.05 million units, FIDELITYBK (-5.99%) with 87.65 million units, STERLINGNG (+9.88%) with 62.55 million units, and UNITYBNK (+9.79%) with 32.57 million units.

In terms of value, TRANSCORP (+9.79%) led with N4.08 billion, followed by FIDELITYBK (-5.99%) with N1.19 billion, MTNN (-0.70%) with N1.14 billion, FCMB (+9.23%) with N1.08 billion, and UBA (+3.28%) with N829.53 million.

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SWOOT, FUGAZ Update

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There was mixed trading sentiment for stocks worth over N1 trillion as MTNN (-0.70%) recorded a price decline, while ZENITHBANK (+2.50%) and GTCO (+3.57%) recorded a price gain.

UBA recorded a 3.28% gain to close with a market cap of N1.02 trillion, thus admitting the company into the SWOOT category.

Trading was positive for tier-1 banks as GTCO (+3.57%), UBA (+3.23%), ZENITHBANK (+2.50%), and ACCESSCORP (+3.20%) recorded price gains, while FBNH recorded no price change

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