Equities extend bullish run as NGX gains N263bn

The Nigerian Exchange (NGX) closed in positive territory at the end of Tuesday’s trading session as equities extended a bullish run.

The All-Share Index (ASI) traded 0.71% higher to close at 68,359.22 index points as against 67,877.17 index points recorded in the previous day’s trading session.

Likewise, the market capitalization of equities saw a gain of N263 billion to close at N37.413 trillion, 0.71% higher than the N37.150 trillion recorded in the previous trading session.

Market Indices

Below are the market indices for today’s trading session:

NGX ASI: 68,359.22 points

% Day Change: +0.71%

% YTD: +33.38%

Market Cap: N37.413 trillion

Volume Traded: 676.74 million

Value: N5.89 billion

Deals: 7,659

How Stocks Performed

Market breadth closed positive as ELLAHLAKES (10.00%) led the gainers, NSLTECH (-10.00%) led the losers while UNIVINSURE was the most traded equity – by volume – at the end of today’s session.

Top Gainers and Top Losers

• ELLAHLAKES, BERGER and ETRANZACT led the top gainer’s chart as they all gained +10.00%, +9.95% and +9.93% respectively.
• Meanwhile, NSLTECH, SCOA and MULTIVERSE led the top losers’ chart as they lost –10.00%, -10.00%, and –9.93% respectively.

Top Traded Stocks

• There was higher trading activity in terms of volume as 676.74 million units of shares were traded today compared to the 515.28 million traded from the previous day’s session.
• UNIVINSURE led the chart in terms of volume as 235.15 million units were traded. UBA (69.10 million) and TRANSCORP (41.57 million) rounded up the top 3 traded stocks for today.
• In terms of value traded, UBA (N1.22 billion) led the chart followed by FIDELITY BANK (N278.18 million) and TRANSCORP (N274.18 million) to round up the top three.

SWOOTs Watch

• Shares of stocks worth over one trillion (swoot) saw mixed results as ZENITH BANK (-0.45%) closed negative while BUA FOODS (6.32%) and GTCO (0.43%) both recorded positive trading sessions.
• Meanwhile, BUA CEMENT, AIRTEL AFRICA, SEPLAT ENERGY, DANGOTE CEMENT, and MTN NIGERIA all closed flat.

FUGAZ Update

Shares of tier 1 banks had mixed trading sessions as UBA (-1.96%), ACCESS HOLDINGS (-0.29%), ZENITH BANK (-0.45%) and FBN HOLDINGS (-1.69%) all recorded negative trading sessions while only GTCO (0.43%) closed positive.