At the conclusion of Friday’s trading session, the Nigerian Exchange Group (NGX), formerly known as the Nigerian Stock Exchange, continued to experience a bearish trend, with equities recording a 0.27% loss. This decline was reflected in the NGX All-Share Index, which closed at 66,915.41 points, down 0.27% from the previous day’s closing figure of 67,098.81 points.
The market capitalization also mirrored this downturn, as investors shaved off N100.8 billion from the market, leading to a closing value of N36.76 trillion.
Despite the fluctuations in the market, it’s important to note that trading activity was relatively low on this particular day. Only 205.88 million units of shares were traded, a notable decrease from the 298.69 million share units traded on the previous trading day. The total value of trade for the day amounted to N6.38 billion, encompassing 4,986 deals, as compared to N4.48 billion traded in 5,435 deals on the previous day.

**Market Indices:**
Here are the key market indices for the day:
– NGX All-Share Index: 66,915.41 points
– Percentage Day Change: -0.27%
– Day’s Lowest: 66,909.15 points
– Day’s Highest: 67,081.18 points
– Year-to-Date (YTD) Percentage Change: +30.56%
– Market Capitalization: N36.76 trillion
– Volume Traded: 205.88 million
– Total Value Traded: N6.38 billion
– Number of Deals: 4,986
**Top Gainers and Losers:**
In the world of gainers, Thomas Wyatt (THOMASWY), Ikeja Hotels (IKEJAHOTEL), and Omatek Ventures (OMATEK) stood out, posting impressive gains of +10.00%, +7.51%, and +7.14%, respectively. AIICO Insurance (AIICO) with a gain of +4.48%, and Cutix Plc (CUTIX) with +4.07% rounded out the top five gainers at the close of trading.
On the other hand, Cadbury Nigeria (CADBURY) took the lead among the losers with a substantial decline of -10.00%. Following closely were Flour Mill of Nigeria (FLOURMILL) with -9.03%, Sovereign Trust Insurance (SOVRENINS) with -8.33%, Geregu Power (GEREGU) with -7.22%, and Unilever Nigeria (UNILEVER) with a decrease of -5.23%.
**Top Traded Stocks:**
In terms of volume, Fidelity Bank (FIDELITYBK) was the most actively traded stock with 28.13 million units changing hands. It was followed by FCMB (FCMB) with 18.03 million units, Zenith Bank (ZENITHBANK) with 18.02 million, UBA (UBA) with 13.40 million units, and First Bank (FBNH) with 12.02 million units traded.
When considering the value of trades, Zenith Bank (ZENITHBANK) led the pack with N596.72 million, followed by UBA (UBA) with N254.22 million, Fidelity Bank with N230.17 million, First Bank (FBNH) with N192.05 million, and FCMB with N108.19 million.
**SWOOTs Watch:**
For stocks worth over one trillion Naira, the trading day was relatively uneventful, with BUACEM, BUAFOOD, AIRTELAFRI, MTNN, and DANGCEM all recording zero price changes at the close of trading. However, GTCO and ZENITHBANK saw slight declines of 0.56% and 0.30%, respectively, in their share prices.
**FUGAZ Update:**
Tier-1 banks displayed a mixed performance during the trading day. Guaranty Trust Bank (GTCO) (-0.56%), First Bank of Nigeria Holdings (FBNH) (-0.63%), and Zenith Bank (ZENITHBANK) (-0.30%) witnessed declines in their share prices. In contrast, United Bank for Africa (UBA) (+1.06%) and Access Bank (ACCESSCORP) (+0.61%) recorded increases in their share prices.
In conclusion, the NGX continued to grapple with bearish sentiments, reflecting a challenging period in the financial markets. The market indices, top gainers, losers, and traded stocks all experienced fluctuations, underlining the dynamic nature of the Nigerian stock market. Investors and stakeholders will closely monitor these trends to make informed decisions in the coming days and weeks.
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