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  • Business - Market Data
  • Updated: October 25, 2023

NGX's All-Share Index Dips 0.02 Per Cent, Reflecting Bearish Turn

NGX's All-Share Index Dips 0.02 Per Cent, Reflecting Bearish

The All-Share Index dropped by 0.02% to 67,206.16 points, bringing trading activity on the Nigerian Exchange Limited (NGX) back into bearish territory.

As the exchange's market capitalization dropped from N36.929 trillion to N36.923 trillion yesterday, stocks saw an N6 billion loss.

Compared to yesterday, when 6,272 trades were made, 5,998 deals were made today, indicating a slower trading day. An increase from the 319.9 million shares traded yesterday to a total of 329.66 million shares was observed.

There was a decrease in transaction value, with N4.41 billion recorded today compared with N6.33 billion yesterday.

GTCO (-1.25%) dominated the value chart with trades worth N733.93 million, while FIDELITYBK (-0.60%) led the volume chart with 50.32 million units exchanged.

According to market indices, the NGX All-Share Index changed slightly by -0.02% during today's trading session, closing at 67,206.16 points.

With a year-to-date percentage change of +31.13%, the day's lowest and highest points were, respectively, 67,206.16 and 67,383.60.

The market capitalization is N36.92 trillion. There have been 5,998 deals with 329.66 million shares traded, valued at N4.41 billion.

At +9.74%, +9.71%, and +9.35%, respectively, Multiverse Mining and Exploration (MULTIVERSE), Chams Holdings (CHAMS), and Caverton Offshore Support Group (CAVERTON) led the gainers' list.

Geregu Power (GEREGU) with +7.71% and FTN Cocoa Processors (FTNCOCOA) with +8.97% rounded out the list of the top five gainers at the end of trading.

With a -10.00% percentage, eTranzact International (ETRANZACT) topped the losers' leaderboard.

The top five losers of the day are Sunu Assurances Nigeria (SUNUASSUR) with –10.00%, Deap Capital Management & Trust (DEAPCAP) with –7.41%, Eterna (ETERNA) with –7.09%, and United Bank for Africa (UBA) with –5.78%.

The most traded stock chart in terms of volume, with 50.32 million units exchanged, was headed by FIDELITYBK (-0.60%).

Following it were UBA (-5.78%) with 25.85 million units, GTCO (-1.25%) with 20.63 million units, ACCESSCORP (+1.81%) with 43.19 million units, and CHAMS (+9.71%) with 26.65 million units.

In terms of value traded, the top five stocks were GTCO (-1.25%) with N733.93 million, ACCESSCORP (+1.81%) with N730.10 million, ZENITHBANK (-0.60%) with N557.97 million, UBA (-5.78%) with N502.08 million, and FIDELITYBK (-0.60%) with N411.73 million.

At the end of trading, there had been no movement in the stocks valued over one trillion, including BUACEM, BUAFOOD, AIRTELAFRI, MTNN, DANGCEM, and SEPLAT.

ZENITHBANK (-0.60%) and GTCO (-1.25%) both saw depreciation, nevertheless.

Tier-1 banks have figured into the majority of deals on the NGX in recent days, and today was no exception. Together, the five banks—FBNH, UBA, GTCO, ACCESSCORP, and ZENITHBANK—contributed 35.6% of the trade volume and 61.20% of the trading value for the day.

Prices declined for GTCO (-1.25%), UBA (-5.78%), and ZENITHBANK (-0.60%), while FBNH (+0.63%) and ACCESSCORP (+1.81%) had price increases.

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