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  • Business - Market Data
  • Updated: February 07, 2024

NGX All-Share Index jumps 1.57 per cent to 104,421.23 points

NGX All-Share Index jumps 1.57 per cent to 104,421.23 points

The NGX maintained its upward trend, with the All-Share Index climbing 1.57%, gaining 1,618.98 to close at 104,421.23 points.

The positive market breadth included 61 gainers and 12 losers. Dangote Sugar topped with a 7.17% increase, while banking stocks saw significant gains.

Equities gained N898 billion, bringing the market capitalization to N57.16 trillion, up from N56.26 trillion. Trading volume rose by 26% to 943.51 million units, while trading value jumped by 97% to N23.48 billion.

The total market capitalization hit N57.16 trillion, with 943.51 million units traded throughout the day. The entire value exchanged was N23.48 billion, indicating substantial market activity.

Top gainers were TRANSCORP (+10.00%, finishing at N15.40), STERLINGNG (+10.00%, closing at N6.60), NEIMETH (+10.00%, closing at N2.09), PZ (+9.97%, closing at N36.40), MEYER (+9.97%, closing at N4.30), and CADBURY (+9.89%, closing at N20.00).

Top losers were JOHNHOLT (-10.0%, finishing at N2.43), MORISON (-9.76%, closing at N3.05), NEM (-8.22%, closing at N0.67), DEAPCAP (-8.22%, closing at N0.67), LASACO (-5.20%, closing at N2.55), and ROYALEX (-5.06%, closing at N0.75).

FBNH (+9.85%) led in trading volume with 338.84 million units, followed by GTCO (+2.09%) with 80.61 million units, TRANSCORP (+10.00%) with 54.98 million units, UBA (+4.48%) with 49.56 million units, and ACCESSCORP (+8.22%) with 38.82 million units.

FBNH (+9.85%) led in value with N8.88 billion, followed by GTCO (+2.09%) with N3.34 billion, NESTLE (+0.92%) with N2.10 billion, UBA (+4.48%) with N1.42 billion, and ZENITHBANK (+2.33%) with N1.26 billion.

Trading sentiment was good for equities valued more over N1 trillion, with price gains registered by GTCO (+2.09%), ZENITHBANK (+2.33%), and MTNN (+5.45%). Other members of the category, including BUAFOODS, BUACEMENT, AIRTELAFRI, SEPLAT, GEREGU, and DANGCEM, saw no price adjustments.

Other tier-1 banks, including FBNH (+9.85%), UBA (+4.48%), and ACCESSCORP (+8.22%), had large price moves.

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