• Business - Market Data
  • Updated: September 01, 2023

September 2023 Begins On Bullish Note With Dangote Sugar, NASCON Leading Gainers

September 2023 Begins On Bullish Note With Dangote Sugar, NA

In a positive start to the first trading day of September 2023, the Nigerian equities market displayed bullish momentum, affirming investor confidence.

The All-Share Index (ASI) surged by 1.47%, closing at 67,527.19 index points, compared to the previous day's 66,548.99 index points.

Equally, the equities market capitalization experienced a robust increase of N535 billion, closing at N36.958 trillion, marking a 1.47% gain from the previous session's N36.423 trillion.

Key Market Indices for September 1, 2023:

  • NGX ASI: 67,527.19 points
  • % Day Change: +1.47%
  • % YTD: +31.76%
  • Market Cap: N36.958 trillion
  • Volume Traded: 503.75 million
  • Value: N6.91 billion
  • Deals: 7,606

Market breadth remained positive, with TANTALIZER leading the gainers at 10.00%, PRESTIGE heading the losers at -10.00%, and TRANSCORP emerging as the most traded equity by volume during the day.

Trading volume experienced a decrease of 18.88% compared to the previous session, with 503.75 million units of shares exchanged today.

TANTALIZER, DANGOTE SUGAR, and LASACO dominated the top gainer's chart with impressive gains of +10.00% each.

Conversely, PRESTIGE, GLAXOSMITH, and HONEY FLOUR took the top spots among the losers, with losses of -8.70%, -6.47%, and -5.88%, respectively.

Trading volume was lower, with 503.75 million units traded today compared to the previous session's 620.98 million.

TRANSCORP led the volume chart with 83.31 million units traded, followed by FIDELITY BANK (58.33 million) and ACCESS HOLDINGS (34.54 million).

Regarding the value traded, ACCESS HOLDINGS (N588.16 million) led the way, followed by TRANSCORP (N541.81 million) and FIDELITY BANK (N449.24 million).

Shares of stocks worth over one trillion experienced mixed results, with DANGOTE CEMENT (+2.72%), GTCO (+3.54%), and ZENITH BANK (+4.56%) recording positive sessions.

Meanwhile, MTN NIGERIA (-0.04%) ended on a negative note, and BUA FOODS, BUA CEMENT, and AIRTEL AFRICA remained flat.

Tier 1 banks also saw positive trading sessions, with GTCO (+3.54%), UBA (+6.43%), ACCESS HOLDINGS (+3.61%), ZENITH BANK (+4.56%), and FBN HOLDINGS (+9.52%) all gaining.

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