• Business - Market Data
  • Updated: November 14, 2023

NGX falls 0.33 per cent, Mecure industries surges 9.95 percent

NGX falls 0.33 per cent, Mecure industries surges 9.95 perce

The NGX All-Share Index dropped by 0.33% to 70,612.81 points in today's stock market news, but Mecure Industries Plc, the most recent entrant to the NGX, showed an amazing performance by rising by 9.95%.

From N132 billion to N38.793 trillion, the market capitalization decreased. Peaking at 71,131.22 points, trading activity temporarily surpassed the 71,000 level. 

BUACEMENT, a significant stock, saw a 7.41% fall at the market's closing, nevertheless, as the market ended poorly.

The day witnessed a total of 7,630 deals, reflecting an increase from the previous Friday's 6,308. Despite the higher number of deals, trading volume decreased to 474.386 million units from 556.703 million units last week.

However, there was an uptick in trading value, reaching N7.75 billion compared to the previous session's N5.56 billion.

In summary, the NGX All-Share Index closed at 70,612.81 points with a day change of -0.33%. The index fluctuated between its lowest and highest points at 70,608.02 and 71,131.22, respectively.

The Year-to-Date (YTD) percentage stood at +37.78%, and the market capitalization was reported at N38.795 trillion. The day's trading involved a total volume of 474.386 million shares, valued at N7.75 billion, across 7,630 deals.

Among the top gainers in today's session, ALEX surged by +10.00% to close at N7.15, RTBRISCOE also gained +10.00%, closing at N0.66, MECURE experienced a positive momentum of +9.95%, concluding at N4.31, MCNICHOLS marked a notable uptick of +9.84%, closing at N0.67, and DEAPCAP contributed to the bullish trend, closing with a gain of +9.68% at N0.34.

On the flip side, certain stocks faced declines, with JAPAULGOLD recording a loss of -9.09%, closing at N1.80, BUACEMENT marking a decrease of -7.76% to close at N98.70, VERITASKAP facing a downturn with a loss of -7.41% and closing at N0.25, PZ registering a decline of -5.00%, closing at N23.00, and OMATEK exhibiting a negative trend with a loss of -4.69% at N0.64.

In terms of volume, FIDELITYBK (-1.64%) topped the pack with 94.048 million units, followed by JAPAULGOLD (-9.09%) with 65.978 million units, UBA (+0.48%) with 54.924 million units, TRANSCORP (+0.81%) with 25.981 million units, and JAIZBANK (-0.61%) with 21.710 million units.

In terms of value traded, MTNN (+2.56%) led with N2.23 billion, followed by UBA (+0.48%) with N1.14 billion, FIDELITYBK with N858.55 million, GTCO (+0.84%) with N455.29 million, and NB with N438.96 million.

Only BUACEMENT (-7.76%) experienced a price fall among stocks worth more than a trillion dollars. MTNN (+2.56%), GTCO (+0.84%), and ZENITHBANK (+1.36%) all saw price increases. AIRTELAFRI, BUAFOODS, SEPLAT, and DANGCEM remained unaltered.

Positive sentiment was also seen among Tier-1 banks, with the exception of ACCESSCORP (-0.29%), which saw a decrease in price. While FBNH showed no change in pricing, GTCO, ZENITHBANK, and UBA all saw price increases.

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