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

NGX All-Share Index surges to 100,335.3 points

NGX All-Share Index surges to 100,335.3 points

The NSE's NGX All-Share Index (ASI) increased by 743.66 points, reaching a new high of 100,335.3 points, last seen on February 27, 2024. 

The stock market gained N420 billion on Thursday, as investors increased their confidence in equities, pushing the market capitalization to N56.73 trillion. 

MTN Nigeria and TRANSPOWER were the driving forces behind the outstanding performance, with share prices rising significantly. 

The market was upbeat, with MTNN and DANGSUGAR leading the pack of 26 stocks that rose, both up 10%. On the other hand, FTNCOCOA and GUINNESS fell by 10% each, making them the worst performers among the 33 stocks that fell. 

TRANSCORP was the most traded stock of the day, attracting significant attention in terms of volume and value. 

The market activity improved, with 9,708 deals recorded for the day, up from 9,338 in the previous session. 

The following are the market indices for today's trading session:

The NGX All-Share Index closed at 100,335.3 points, up from 99,591.64 in the previous session. The daily change percentage was +0.75%, with a year-to-date percentage of +34.19%, up from the previous figure of +33.19%.

The market capitalization stood at N56.73 trillion, with a total volume traded of 554.72 million units worth N17.73 billion. During the trading session, 9,708 deals were executed.

Among the top gainers were MTNN, which increased by 10% to close at N201.30, followed by DANGSUGAR at +10% to N50.60, TRANSPOWER at +9.99% to N351.30, JULI at +9.96% to N4.97, and NASCON at +9.92% to N47.65.

The top losers, on the other hand, included FTNCOCOA, which fell 10% to close at N1.53, GUINNESS, which fell 10% to N45.90, TRANSCORP, which fell 9.95% to N17.10, IKEJAHOTEL, which fell -9.93% to N6.08, and REDSTAREX, which fell -9.87% to N3.38.

The most traded stocks by volume were TRANSCORP (301.36 million units), STRELINGNG (33.32 million), FBNH (23.21 million), UBA (18.38 million), and ZENITHBANK (17.08 million). 

The value of shares traded today fell slightly by 9.11% to N17.73 billion, down from N19.51 billion the previous session. 

The major drivers of the value of shares traded were TRANSCORP (N5.65 billion), DANGCEM (N4.23 billion), TRANSPOWER (N3.91 million), FBNH (N773.91 million), and ZENITHBANK (N583.93 million). 

The SWOOT group's results were mixed, with MTN Nigeria and TRANSPOWER increasing their market values by 10% and 9.9%, respectively.  

The banking sector in the SWOOT category suffered stock price losses, while other SWOOT companies such as AIRTELAFRI, BUACEMENT, BUAFOODS, DANGCEM, GEREGU, SEPLAT, and TRANSCOHOT kept their stock prices stable in the most recent trading session. Despite fluctuations in other stocks, their market position remained constant. 

FBN Holdings (4.38%), Access Holdings (3.15%), UBA (2.27%), GTCO (1.57%), and Zenith Bank (0.15%) all saw stock value declines. 

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