NGX All-Share Index grows 0.5% as stock market recovers

Bisola David
Bisola David
FBNH, GTCO join NGX banking index

The All-Share Index increased by 0.5% to reach 67,217.77 points, marking the end of several days of bearish runs and the return of the equity market to positive territory.

The Times reported that equities increased by N187 billion as the market capitalization of the exchange increased to N36.9329 trillion from N36.742 trillion the day before.

The value of transactions increased by 44.26%, according to an analysis of the day’s market activity, and trade turnover settled higher than it had the previous session.

In a total of 6,272 transactions, 319.90 million shares worth N6.33 billion were exchanged. With 50.78 million units exchanged, Accesscorp (+0.00%) topped the volume chart, while GTCO (+2.27%) topped the value chart with transactions of N1.50 billion.

The top three gainers on the gainers’ list were Flour Mills of Nigeria, University Press, and Chams Holdings, with gains of +9.93%, +9.81%, and +9.37%, respectively.

The top five gainers at the end of trading included Thomas Wyatt with +9.02%, Geregu Power with +9.05%, and Thomas Wyatt with +9.05%.

With -9.98%, VFD Group was at the top of the losers’ leaderboard. Nigerian Exchange Group with -3.67%, Vitafoam Nigeria with -3.44%, ABC Transport with -9.88%, FTN Cocoa Processors with -3.70%, and complete the list for the top five losers of the day.

Access Holdings took over the table of most traded equities in terms of volume, with 50.78 million units moved. GTCO Holdings, Fidelity Bank, UBA, Sterling Nigeria, and UBA were the companies that came next, with 42.04 million, 32.12 million, 25.76 million, and 19.37 million units, respectively.

GTCO Holdings with N1.497 billion, topped the list in terms of value traded, followed by Access Holdings, N837.97 million, UBA, N496.69 million, Nestle Nigeria, N403.94 million, and Fidelity Bank, N264.07 million.

It was a calm trading day for stocks worth over $1 trillion, with Buacem, BUA Foods, AirtelAfri, Dangcem, and Seplat recording zero movements at the closing of trading. MTNN, GTCO, and Zenith Bank, on the other hand, all saw increases of 0.20, 1.14, and 0.90 percent, respectively.

Trading was favourable for Tier-1 banks as UBA (+3.92%) and GTCO (+1.14%) saw increases in the value of their shares. While Zenith Bank, Accesscorp, and FBNH did not record any price changes from yesterday.

The market indicators for today’s trading session are listed below:

NGX All-Share Index: 67,217.77 points

% Day Change: +0.51%

Day’s Lowest: 66,876.92 points

Day’s Highest: 67,217.77 points

% YTD: +31.15%

Market Cap: N36.93 trillion

Volume Traded: 319.90 million

Value: N6.33 billion

Deals: 6,272

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