Nigerian stock market closes positive with market capitalization up N18 billion

Key Highlights

• Key market indices were up by 0.07 per cent during Wednesday’s trading as the nation’s bourse again ended positively.
• The stock market closes bullish as the market capitalization increased to N18 billion.
• Market breadth closed positive with 25 gainers relative to 8 losers.

The Nigerian Exchange (NGX) closed positive amidst buy-interests and sell-offs as bulls regain dominance, driving up the broad market.

The All-share Index (ASI) appreciated by 0.07% to close at 51,178.41 points. In the same vein, Market Capitalization grew by N18 billion to close at N27,870 trillion while the Year-to-Date (YtD) returns settled at 0.80%. The stock market has advanced by 417.25 basis points since the start of the year.

Market breadth closed flat as TRANSCORP led 25 gainers, and 8 losers topped by FTNCOCOA at the end of today’s session.

Market Indices       

• NGX ASI: 51,178.41 points
• Previous ASI: 51,138.92 points
• Percentage Day Change: 0.07%
• Y-T-D: 0.80%
• Market Cap: N27,870 trillion
• Volume: 1.27 million
• Value: N3.97 billion
• Deals: 3,505

NGX Top ASI gainers

• TRANSCORP up + 9.85% to close at N2.23
• INTBREW up + 6.74% to close at N4.75
• ACADEMY up + 6.56% to close at N1.30
• LIVESTOCK up + 4.26% to close at N0.98
• RTBRISCOE up + 4.17% to close at N0.25

NGX Top ASI losers

• FTNCOCOA down – 3.85% to close at N0.25
• PRESTIGE down – 2.50% to close at N0.39
• NB down –50% to close at N36.20
• WAPCO down – 1.47% to close at N23.40
• AFRIPRUD down – 0.92% to close at N5.40

Top 3 by Volume

• TRANSCORP – 83,722,116
• FIDELITYBK – 19,515,214
• ZENITHBANK – 16,484,813

 Top 3 by Value

• GTCO – N379,994,564.
• ZENITHBANK -N359,074,084
• TRANSCORP– N186,700,318