The All-Share Index increased by 2.38% to end at 90,063.25 points today, up 2,092.88 from yesterday’s close of 87,970.37 points, indicating that the NGX’s bullish run has persisted.
The NGX is up a staggering 8.45% as of today, January 17, from Monday, January 15. Furthermore, the market has gained 20.45% so far this year, surpassing the Argentine Stock Market to become the world’s fastest-growing stocks market.
All of the FUGAZ banks saw price declines, which contributed to the generally negative trading sentiment for banking equities. A positive run for large equities, such BUA Cement and Dangote Cement, which saw gains of 9.99% and 9.86%, respectively, countered this trend.
Hence, unlike the ASI, there was no overall change in the equities market cap, as it stayed at N48.139 trillion, the same figure from yesterday.
There was a 21.65% increase in trading volume to 1.298 billion units, from yesterday’s 1.067 billion units. Concerning trading value, there was a slight 3.9% increase to N16.38 billion, from yesterday’s N15.77 billion.
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Market Indices
NGX All-Share Index: 90,063.25 points
% Day Change: +2.38%
Day’s Lowest: 84,640.89 points
Day’s Highest: 87971.1 points
% YTD: +18%
Market Cap: N48.14 trillion
Volume Traded: 1066.84 million units
Value Traded: N15.77 billion
Read Also: NGX: Market Records 3.93% Gain In One Day, ASI hits 87971.1 Points
Top Gainers
GUINNESS: +10.00% to close at N71.50
WEMABANK: +10.00% to close at N11.66
HONYFLOUR: +10.00% to close at N4.84
SUNUASSUR: +10.00% to close at N1.76
AIICO: +10.00% to close at N1.54
BUACEMENT: +9.99% to close at N123.90
Read Also: NGX: Banks Rebound, Appreciates By 0.66% At 82,565.26 Points
Top Losers
RTBRISCOE: -10.00% to close at N0.81
DANGSUGAR: -9.95% to close at N73.30
NGXGROUP: -9.84% to close at N22.90
REDSTAREX: -9.47% to close at N4.11
STERLINGNG: -9.09% to close at N6.90
DAARCOMM: -8.33% to close at N0.99
Read Also: NGX: Bull Run Ends, Crashes By 1.4% To Hit 82,024.38 Points
Top Traded Stocks
In terms of volume, STERLINGNG (-9.09%) led with 106.14 million units, followed by JAPAULGOLD (+8.94%) with 101.12 million units, TRANSCORP (+9.97%) with 90.47 million units, JAIZBANK (+1.37%) with 83.12 million units, and UNITYBNK (+0.67%) with 73.41 million units.
Concerning value, NB (+1.82%) led with N2.02 billion, followed by TRANSCORP (+9.97%) with N1.58 billion, ZENITHBANK (-1.42%) with N1.10 billion, ACCESSCORP (-0.67%) with N935.86 million, and STERLINGNG (-9.09%) with N800.26 million
Read Also: NGX: Naira Crosses N1,000/$ mark again on official market
SWOOT and FUGAZ Update
Trading sentiment was mixed for stocks worth over N1 trillion, as BUACEMENT (+9.99%), BUAFOODS (+5.49%), DANGCEM (+9.86%), and GEREGU (+9.49%) recorded price gains.
Stocks like ACCESSCORP (-0.67%), GTCO (-1.80%), ZENITHBANK (-1.42%), and UBA (-4.27%) recorded price losses. While AIRTELAFRI, MTNN, SEPLAT, and TRANSCOHOT (Transcorp Hotels) recorded no price changes.
FBNH recorded a 5.79% decline to fall below the N1 trillion market cap level once again.
A dramatic event that played out in the market today was the ascension of Dangote Sugar into the SWOOT territory. However, by the close of trading, the stock fell by 9.95% to drop to a market capitalization of N890 billion.
