The Nigerian stock exchange closed on a high note, thanks to strong results from Nigerian Breweries Plc (NB) (+0.11%) and Airtel Africa (+10.00%). Thus, the all-share index added an additional +1.29% to close at 46,529.99 bps.
The ASI achieved yesterday became the new 52-week ATH, dislodging the previous figure of 45, 957.35 bps, establishing a dominant figure of 46,529.99 bps. This represents a 572.64 bps growth.
Accordingly, all key parameters closed positively as the Week-to-Date (W-t-D), Month-to-Date (M-t-D), and Year-to-Date (Y-t-D) drifted higher at +1.25%, +8.93%, and +8.93%, respectively.
Consequently, the volume of trade increased by 31.82%, to 329 million units, and was exchanged in 4,950 deals as against its previous session figure of 247,69 million units traded.
However, these shares jumped in value by +34.66%, to close at NGN4,817 billion, as against the NGN3.53 billion traded previously.
The equity market continues to enjoy the attention of existing and prospective investors as it gained NGN318.18 billion to close at NGN25,073.33 trillion when compared to the previous session day's position of NGN24,755.15 trillion.
MULTIVERSE (+5.00%) was the most active stock by volume, as it generated NGN11.9 million in revenues from 57.6 million units of shares traded, while the most active stock by value was MTNN, with 5.2 million units traded valued at NGN995.27 million.
Other notable mentions were GTCO, with 36.7 million units valued at NGN936.9 million, and NB, with 13.4 million units worth NGN632.5 million traded.
As measured by market breadth, market sentiment was positive as 19 companies’ stocks gained relative to 17 losers.
The most gains were made by AIRTELAFRI (+10.00%), which closed trading at NGN1271.00/unit, ETI (+9.55%), which closed trading at NGN10.90/unit, COURTVILLE (+9.09%), which closed trading at NGN0.60/unit, and ACADEMY (+8.86%), which closed trading at NGN0.86/unit, while CADBURY (-9.47%), which closed trading at NGN8.60/unit, PRESTIGE (-8.70%), which closed trading at NGN0.42/unit, CHAMPION (-7.84%), which closed trading at NGN2.35/unit, and LINKASSURE (-7.14%), which closed trading at NGN0.52/unit, suffered the most losses.
|UNITY BANK PLC||0.99||1.17||18.18|
|CAPITAL HOTEL PLC||2.50||2.75||10.00|
|DANGOTE SUGAR REFINERY PLC||52.00||57.20||10.00|
|NIGERIAN AVIATION HANDLING COMPANY PLC||21.50||23.65||10.00|
|NASCON ALLIED INDUSTRIES PLC||47.00||51.70||10.00|