In an extraordinary trading session, the Nigerian Stock Exchange (NGX) witnessed a historic surge, surpassing the 74,000 mark as the All-Share Index displayed a notable 1.21% increase, culminating at 74,289.02 points. This remarkable achievement follows closely on the heels of the NGX breaching the 73,000 mark just a day prior, accompanied by the market capitalization crossing the impressive N40 trillion milestone.
Equities experienced a substantial uptick of N488 billion on this particular day, propelling the market capitalization to a new high of N40.652 trillion. Notably, leading performers such as TRANSCORP, MULTIVERSE, and INFINITY sustained their exceptional momentum, posting gains of 10%, 9.96%, and 9.87%, respectively.
In the realm of trading activity, the market saw a robust surge with 760.93 million units changing hands, a notable increase from the previous day’s 411.21 million units. The traded value also witnessed an uptick, reaching N13.03 billion compared to the previous day’s N12.83 billion.
**Market Indices Overview**
Here is a breakdown of the key market indices for today’s trading session:
– NGX All-Share Index: 74,289.02 points
– % Day Change: +1.21%
– Day’s Lowest: 73,397.71 points
– Day’s Highest: 74,292.82 points
– % YTD: +44.95%
– Market Cap: N40.65 trillion
– Volume Traded: 760.93 million units
**Top Gainers and Losers**
The top gainers for the day included IMG (+10.00%), TRANSCORP (+10.00%), OKOMUOIL (+9.96%), MULTIVERSE (+9.96%), and INFINITY (+9.87%). On the flip side, the top losers featured JOHNHOLT (-10%), ELLAHLAKES (-9.94%), TRIPPLEG (-9.66%), REGALINS (-8.11%), and UACN (-5.96%).
**Top Traded Stocks**
In terms of trading volume, ABBEYBDS (+9.09%) took the lead with 224.08 million units, followed by ACCESSCORP (+1.75%) with 65.80 million units, TRANSCORP (+10.00%) with 65.30 million units, UBA (+2.97%) with 45.98 million units, and GTCO (+0.38%) with 43.59 million units.
When considering the trading value, NESTLE (-1.74%) led the pack with N2.65 billion, trailed by GEREGU (0.00%) with N1.82 billion, GTCO (+0.38%) with N1.74 billion, ACCESSCORP (+1.75%) with N1.52 billion, and UBA (+2.97%) with N1.20 billion.
**SWOOT and FUGAZ Update**
The day’s market gain was notably influenced by MTNN’s significant 5.4% increase. Additionally, ZENITHBANK (+0.39%) and GTCO (+0.38%) from the SWOOT category also contributed positively. However, AIRTELAFRI, BUAFOODS, BUACEMENT, DANGCEM, and SEPLAT experienced no price changes.
**Tier-1 Bank Stocks**
In a bullish trend, Tier-1 bank stocks showcased positive momentum. FBNH (+4.80%), UBA (+2.97%), GTCO (+0.38%), ACCESSCORP (+1.75%), and ZENITHBANK (+0.39%) all recorded gains, reflecting the overall upbeat sentiment in the banking sector.
As the NGX continues to break new ground, investors eagerly anticipate sustained positive trends and further milestones in the dynamic Nigerian stock market. The stellar performance of key stocks and sectors bodes well for the overall economic landscape, signaling resilience and growth potential in the financial markets. Infostride News remains committed to delivering timely and comprehensive coverage of these market developments.
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