×
  • Business - Market Data
  • Updated: January 17, 2024

NGX All-Share Index surges 2.38 per cent, records notable gains

NGX All-Share Index surges 2.38 per cent, records notable ga

In today's trading session, the Nigerian Exchange Group (NGX) witnessed a bullish run, with the All-Share Index (ASI) appreciating by 2.38% to close at 90,063.25 points.

The market has experienced substantial growth, rising by 8.45% between January 15 and January 17, making it the fastest-growing equity market globally.

Despite the bearish sentiment in banking stocks, major stocks like BUA Cement and Dangote Cement posted significant gains.

Banking stocks, including FUGAZ banks, witnessed price losses. The overall equities market cap remained stable at N48.139 trillion.

Key Highlights:
Top Gainers: GUINNESS, WEMABANK, HONEYFLOUR, SUNUASSUR, AIICO, BUACEMENT
Top Losers: RTBRISCOE DANGSUGAR, NGXGROUP, REDSTAREX, STERLINGNG, and DAARCOMM
Volume Leaders: STERLINGNG, JAPAULGOLD, TRANSCORP, JAIZBANK, UNITYBNK
Value Leaders: NB, TRANSCORP, ZENITHBANK, ACCESSCORP, STERLINGNG

Market Analysis:
The NGX All-Share Index closed at 90,063.25 points, reflecting a day's change of +2.38%. The market exhibited fluctuations throughout the trading day, with the lowest point recorded at 84,640.89 points and the highest at 87,971.10 points. The year-to-date percentage change indicates a positive overall trend, standing at +18%.

Trading Activity:
The total market cap for the day reached N48.14 trillion, showcasing the combined value of all listed stocks. Trading activity was substantial, with a volume of 1,066.84 million units traded and a corresponding value of N15.77 billion.

Stock Performance:
Among the top gainers for the day were GUINNESS, WEMABANK, HONYFLOUR, SUNUASSUR, AIICO, and BUACEMENT. Conversely, RTBRISCOE was the top loser, closing at -10.00% at N0.81. Notable volume leaders included STERLINGNG, JAPAULGOLD, TRANSCORP, JAIZBANK, and UNITYBNK. NB had the highest value at N2.02 billion, followed by TRANSCORP at N1.58 billion.

Market Sentiment:
The trading sentiment was mixed for stocks worth over N1 trillion, with notable gains for BUACEMENT, BUAFOODS, DANGCEM, and GEREGU. However, ACCESSCORP, GTCO, ZENITHBANK, and UBA recorded price losses. AIRTELAFRI, MTNN, SEPLAT, and TRANSCOHOT recorded no price changes.

FBNH Decline and Dangote Sugar's SWOOT Territory:
FBNH recorded a 5.79% decline, falling below the N1 trillion market cap level once again. A notable event in the market was the ascension of Dangote Sugar into the SWOOT territory; however, by the close of trading, the stock fell by 9.95%, resulting in a market capitalization of N890 billion.

Related Topics

Join our Telegram platform to get news update Join Now

0 Comment(s)

See this post in...

Notice

We have selected third parties to use cookies for technical purposes as specified in the Cookie Policy. Use the “Accept All” button to consent or “Customize” button to set your cookie tracking settings