NGX is not slowing down, ASI crosses 100,000 points for the first time ever

The bullish run in the NGX appears not to be slowing down anytime soon, even the All-Share Index appreciated by 3% today to reach 101,571.11 points, an increase of 2,954.14 points from today’s 98,616.97 points.

The market cap also hit N55.58 trillion as equities gained N1.62 trillion, representing a 3% increase from yesterday’s N53.97 trillion.

Driving the rally today were some of the usual suspects, BUA Cement which gained 9.98%, Dangote Cement which gained 6.49%, and BUA Foods which gained 5.49%.

In terms of trading volume, there was a 34.65% decline to 488.49 million units, from yesterday’s 747.51 million units. Concerning trading value, there was a 50.6% decline to N8.04 billion, from yesterday’s N16.28 billion.

Market Indices

• NGX All-Share Index: 101,571.11 points
• % Day Change: +3%
• Day’s Lowest: 98,613.62 points
• Day’s Highest: 101,571.11 points
• % YTD: +35.84%
• Market Cap: N55.58 trillion
• Volume Traded: 488.49 million units
• Value Traded: N8.04 billion

Top Gainers

• WAPIC: +10.00% to close at N0.88
• BUACEMENT: +9.98% to close at N179.65
• JAPAULGOLD: +9.91% to close at N2.55
• UPL: +9.82% to close at N3.69
• TRIPPLEG: +9.69% to close at N2.83
• CUTIX: +9.63% to close at N2.96

Top Losers

• NEM: -10.00% to close at N7.20
• CADBURY: -9.96% to close at N23.50
• TIP: -9.92% to close at N2.27
• MAYBAKER: -9.89% to close at N6.65
• MCNICHOLS: -9.88% to close at N1.46
• ACADEMY: -9.70% to close at N2.14

Top Traded Stocks

In terms of volume, TRANSCORP (+4.51%) led with 95.11 million units, followed by UNIVINSURE (-9.09%) with 45.63 million units, UNITYBNK (-5.05%) led with 27.34 million units, JAIZBANK (+8.57%) with 26.96 million units, and JAPAULGOLD (+9.91%) with 25.32 million units.

Concerning value, TRANSCORP (+4.51%) led with N1.56 billion, followed by BUACEMENT (+9.98%) with N703.80 million, UBA (-0.33%) with N703.55 million, DANGCEM (+6.49%) with N673.70 million, and ZENITHBANK (+0.48%) with N609.62 million.

SWOOT and FUGAZ Update

Stocks worth over N1 trillion drove market rally today, as BUACEMENT (+9.98%), BUAFOODS (+5.59%), DANGCEM (+6.49%), and GTCO (+0.47%), ZENITHBANK (+0.48%) recorded remarkable price gains. However, UBA (-0.33%) and ACCESSCORP (-1.22%) recorded price losses.

Other members of the SWOOT category, AIRTELAFRI, MTNN, TRANSCOHOT, GEREGU, and SEPLAT recorded no price changes.

FBNH’s bearish run continued as the bank’s shares declined another 0.78% today.