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  • Business - Market Data
  • Updated: November 06, 2023

NGX's All-Share Index gains 282.69 points, closing at 70,479.62 on Monday

NGX's All-Share Index gains 282.69 points, closing at 70,479

The NGX showed a strong trend on Monday, with the All-Share Index jumping by 282.69 points to close at 70,479.62.

This upward trend resulted in a N156 billion increase in market capitalization to N38.712 trillion, or a 0.4% increase.

During the trading session, the market saw 6,837 transactions, an increase from the previous Friday's 6,436 transactions.

However, trading volume fell, with 391.014 million units traded, down from Friday's 410.362 million. Similarly, the trading value declined, with N7.71 billion transacted as opposed to N9.16 billion on Friday.

The NGX All-Share Index began trading at 70,479.62 points, laying the groundwork for market action. There was a positive move of +0.40% during the day, indicating an upward trend in market performance.

The lowest point hit during the trading session was 70,196.93 points, but the market also reached a high of 70,519.31 points, providing insight into the day's variations.

The index has increased by 37.52% year to date, indicating a favourable environment for investors.

The entire market capitalization, which represents the total value of listed stocks, was N38.71 trillion.

During the day, a considerable volume of 391.01 million shares were traded, with a total value of N7.71 billion, serving as important indicators of market activity.

A total of 6,837 transactions were completed during the trading session, reflecting the number of transactions made over a wide range of stock exchanges and movements.

In terms of stock performance, the biggest gainers for the day were THOMASWY, which closed at N4.07 with a stunning gain of +10.00%, and CHAMS, which closed at N2.02 with a substantial gain of +9.90%. Other top gainers included GLAXOSMITH, OANDO, and JAPAULGOLD, all of which saw significant increases in their stock prices.

The top losers for the day included ABCTRANS, which finished at N0.86 with a -9.30% fall, as well as CORNERST, CHAMPION, INTBREW, and DAARCOMM, all of which experienced decreases in their stock prices, showing the session's varied performance.

With 1.056 billion units traded, UBA (+0.24%) was the leader in terms of volume. FBNH (+1.69%) was next with 33.268 million units, JAPAULGOLD (+0.12%) had 21.348 million units, FIDELITYBK (+6.51%) had 20.439 million units, and ACCESSCORP (+0.29%) had 19.503 million units.

UBA dominated the market with N2.14 billion in trading value, followed by GEREGU (N1.156 billion), FBNH (N602.499 million), STANBIC (N478.246 million), and ACCESSCORP (N335.651 million).

Mixed sentiments were observed in stocks valued at more than one trillion dollars, with positive price sentiments demonstrated by BUACEMENT (+4.43%), GTCO (+0.42%), and SEPLAT (+3.94%). By comparison, BUAFOODS and DANGCEM reported no price changes, but ZENITHBANK (-1.76%) recorded negative sentiment.

The majority of Tier-1 banks reported favourable price sentiments, which added to the market's general optimism. Price increases were reported by FBNH, UBA, GTCO, and ACCESSCORP; price decreases were reported by ZENITHBANK.

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