The NGX ended a trading day in the negative territory for the first time in 2024 as the All-Share Index fell 1.4% from yesterday’s 83,191.84 points to settle at 82,024.38 points.
It is notable that investors have begun to take profits following a boom that saw the NGX increase by nearly 11% in just six trading days. Of the equities that registered gains, 13 had losses.
The market value decreased from N45.524 trillion to N44.885 trillion today, a loss of around N639 billion on stocks.
Regarding trading volume, there was a 16.3% appreciation to 1.64 billion units, from yesterday’s 1.41 billion units. While in terms of trading value, there was a 17% appreciation to N25.38 billion from yesterday’s N24.68 billion.
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Market Indices
Here are the market Indices for today’s trading session
NGX All-Share Index: 82,024.38 points
% Day Change: -1.40%
Day’s Lowest: 81,413.08 points
Day’s Highest: 83,234.64 points
% YTD: +9.70%
Market Cap: N44.89 trillion
Volume Traded: 1,641 million units
Value Traded: N25.38 billion
Read Also: NGX: Cadbury, Unilever, others cause market’s N1.57trn gain
Top Gainers
CADBURY: +9.92% to close at N19.95
VERITASKAP: +9.76% to close at N0.45
LINKASSURE: +8.70% to close at N1.50
TRANSCOHOT: +7.24% to close at N100.00
PRESTIGE: +7.24% to close at N0.53
BUAFOODS: +5.82% to close at N220.00
Read Also: NGX Bullish Run Continues, Crossing 80,000 mark
Top Losers
MAYBAKER: -10.00% to close N5.49
CHAMS: -10.00% to close at N2.16
CAVERTON: -10.00% to close at N2.07
FTNCOCOA: -10.00% to close at N1.98
CORNERST: -10.00% to close at N1.80
CONHALLPLC: -10.00% to close at N1.35
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Top Traded Stocks
In terms of volume, TRANSCORP (-9.94%) led with 117.64 million units, followed by ACCESSCORP (-6.23%) with 116.65 million units, STERLINGNG (-9.18%) with 116.29 million units, JAIZBANK (+5.40%) with 100.07 million units, and AIICO (-8.70%) with 91.79 million units.
In terms of value, GTCO (-8.71%) led with N3.28 billion, followed by ACCESSCORP (-6.23%) with N3.26 billion, ZENITHBANK (-9.93%) with N2.46 billion, UBA (-9.97%) with N2.43 billion, and GEREGU (0.00%) with N1.69 billion.
Read Also: 2024: NGX shareholders have gained over N2 trillion in one week
SWOOT and FUGAZ Update
Trading sentiment was mostly negative for stocks worth over N1 trillion, as ZENITHBANK (-9.93%), UBA (-9.97%), GTCO (-8.71%), MTNN (-4.41%), and BUACEMENT (-0.05%) recorded price losses, while DANGCEM (+3.83%) and BUAFOODS (+5.82%) recorded price gains. AIRTELAFRI and SEPLAT recorded no price changes.
FBNH and ACCESSCORP declined by -9.79% and -6.23% respectively to fall below the N1 trillion market cap, one day after crossing the mark
