There was a robust demand from investors as evidenced by the Nigerian Stock Exchange’s (NSE) market capitalization rising by N227 billion to finish at N56.31 trillion.
The two companies that made the most contributions to this outstanding result were FBNH and TRANSPOWER, whose share prices increased significantly.
Additionally, the NSE’s NGX All-Share Index (ASI) increased by 401.18 points, closing at 99,591.64 points.
With a 9.9% gain, TRANSPOWER emerged as the top performer out of the eighteen equities that showed appreciation, indicating a favorable feeling in the market. Conversely, out of the 30 equities that fell, IKEJAHOTEL and TANTALIZER suffered the most, both falling by 10%.
TRANSCORP was the most active stock in terms of volume while TRANSPOWER led the chart in terms of value at the end of the trading session.
The market turnover declined as 9,338 transactions were executed for the day, lower than the 10,976 transactions reported in the previous session.
Read Also: Transcorp Power lists on NGX main board
Market Indices
Here are the market Indices for today’s trading session
NGX All-Share Index: 99,591.64 points
Previous ASI: 99,190.46 points
% Day Change: +0.40%
% YTD: +33.19% (Previous: +32.65%)
Market Cap: N56.31 trillion
Volume Traded: 416.48 million units
Value: N19.51 billion
Deals: 9,338
Read Also: NGX: Investors End Week On Positive Note With N464bn Profit As Equities Market Rebounds
Top Gainers
TRANSPOWER: +9.99% to close at N319.40
TRANSCORP: +9.96% to close at N18.99
FBNH: +9.95% to close at N34.25
AFRIPRUD: +9.49% to close at N7.50
CILEASING: +9.48% to close at N3.81
Top Losers
IKEJAHOTEL: -10% to close at N6.75
TANTALIZER: -10% to close at N0.36
NASCON: -9.97% to close at N43.35
ETI: -9.96% to close at N21.70
LIVESTOCK: -9.82% to close at N1.47
Read Also: NGX: Investors End Week On Positive Note With N464bn Profit As Equities Market Rebounds
Top Traded Stocks
Compared to the previous session, the total volume of shares traded today rose by 18.34 million shares, reaching 416.48 million from 398.13 million.
The volume leaders for today were TRANSCORP with 67.34 million units, FBNH with 47.69 million units, GTCO with 37.47 million units, TRANSPOWER with 36.89 million units, and UBA with 29.78 million units.
The value of shares traded today declined sharply by 38.63%, falling to N19.51 billion from N31.79 billion in the last session.
The top contributors to the value of shares traded were TRANSPOWER with N11.78 billion, GTCO with N1.56 billion, FBNH with N1.55 million, TRANSCORP with N1.28 billion, and UBA with N660.45 million.
Read Also: NGX: Investors Lose Over N2.5tr In Two Days As Equities Market Tumbles
SWOOT and FUGAZ Update
The SWOOT sector was led by TRANSPOWER, which saw its market value rise by 9.9%, followed by FBN Holdings, which gained 9.95% in its share price. GTCO and Zenith Bank, on the other hand, experienced drops in their stock prices.
Other SWOOT companies such as AIRTELAFRI, BUACEMENT, BUAFOODS, DANGCEM, GEREGU, MTNN, SEPLAT, and TRANSCOHOT did not change much.
Among the top banks, only FBN Holdings posted positive changes of 9.95%. Zenith Bank, Access Holdings GTCO, and UBA, registered losses of 4.23%, 0.96%, 0.84%, and 0.23% respectively, in their stock value.
