The All-Share Index gained 0.02% to settle at 71,025.16 points on Thursday, while the NGX closed flat due to minimal trading volume.
To end at N39.062 trillion, the market capitalisation slightly increased by N7.8 billion. Despite the market closing marginally higher, there was a negative spread across the market, with 22 equities closing higher and 31 lower.
Allnews reports that the number of sales increased somewhat from 6,172 to 6,545 on Wednesday. The trade volume increased from Wednesday's 297.354 million units to 483.848 million units, a 62.7% rise.
However, the market's trading value has plummeted to N4.38 billion from N6.16 billion on Wednesday.
The NGX All-Share Index completed Thursday's trading session at 71,025.16 points, indicating a slight day change of +0.02%. The market fluctuated, peaking at 71,080.30 points and falling to 71,011.23 points at its lowest point.
As of now, the index shows a significant rise of +38.58%. At N39.062 trillion, the market capitalization is total. A total of 6,545 deals totalling 483.848 million shares, valued at N4.38 billion, were executed during trading activity. These indexes provide a thorough summary of the day-to-day performance of the market.
During Thursday's trading, a number of equities saw significant increases in their closing prices, making them the top gainers.
Notably, DEAPCAP saw a notable advance of +10.00%, closing at N0.44, while NSLTECH posted a remarkable gain of +10.00%, ending at N0.33. CILEASING closed at N4.53 and showed strong performance with a gain of +9.95%.
Comparably, NNFM saw a noteworthy increase of +9.85% to close at N21.75, while SCOA saw a rise of +9.82% to close at N1.23. The market's dynamic nature was highlighted by these top-performing stocks, which piqued investors' curiosity throughout today's trading activity.
Some of the equities that saw the biggest losses in the market during Thursday's trading session were those that saw drops. Closed at N0.90, ABCTRANS witnessed a notable decline of -10.00%, and ETRANZACT saw a decline of -9.93%, ending the session at N6.80. THOMASWY experienced a decline with a drop of -8.95%, closing at N3.46, while TIP showed a loss of -9.80%, closing at N1.02.
Furthermore, GUINEAINS closed at N0.22, showing a -8.33% decrease. These top losers underscore the various and dynamic aspects of stock performance, as well as the difficulties these specific stocks are facing in the current market.
Market participants and investors can keep a careful eye on these trends to gain knowledge about the workings of the market and possible investment plans.
Top of the volume chart with 104.34 million units was REGALINS (-2.78%), followed by OANDO (+1.30%) with 55.28 million, UNIVINSURE (-4.00%) with 53.4 million, JAPAULGOLD (-1.58%) with 24.95 million, and UBA (-0.48%) with 21.49 million.
With a value of N676.6 million, OANDO (+1.30%) topped the leaderboard, followed by GTCO (+0.14%) with N670.4 million, UBA (-0.48%) with N445.4 million, GEREGU (0.00) with N371.7 million, and ZENITHBANK (-0.74%) with N350.3 million units.
With the exception of GTCO (+0.14%) and ZENITHBANK (-0.74%), trading in heavy stocks remained largely flat. No pricing adjustments were reported by BUACEMENT, BUAFOODS, DANGCEM, SEPLAT, or AIRTELAFRI.
Tier-1 banks' trading was likewise largely flat, with no price adjustments noted by FBNH or ACCESSCORP. The prices of ZENITHBANK (-0.74%) and UBA (-0.48%) decreased, whilst GTCO (+0.14%) saw an increase in price.
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