InfoStride News reported that signs indicating the commencement of the take-profit period in the Nigerian Exchange Group (NGX) were evident as the market’s All-Share Index declined by 0.44%, closing at 71,041.05 points. Equities saw a loss of N165 billion, causing the market capitalization to drop to N38.875 trillion. Notably, some of the market’s top gainers, including CWG (down 9.45%) and DANGCEM (down 2.44%), contributed to this decline.
The volume of trading decreased to 534.619 million units compared to the previous day’s 746.67 million units. In terms of value, there was a slight dip to N5.62 billion from yesterday’s N5.945 billion.
Market Indices
The NGX All-Share Index closed at 71,041.05 points, reflecting a day change of -0.44%. The lowest point for the day was 71,000.10 points, while the highest reached 71,438.19 points. The year-to-date percentage change stood at +38.61%. Market capitalization was recorded at N38.88 trillion, with a volume traded of 534.62 million and a value of N5.62 billion. The total number of deals executed was 8,136.
Top Gainers
InfoStride News highlighted the top gainers for the day:
1. NSLTECH: +10% to close at N0.66
2. MECURE: +9.99% to close at N10.13
3. SUNUASSUR: +9.68% to close at N1.36
4. CONHALLPLC: +9.17% to close at N1.19
5. ROYALEX: +6.35% to close at N0.67
Top Losers
The top losers in the market were:
1. Omatek (OMATEK): -10% to close at N0.81
2. Ikeja Hotel (IKEJAHOTEL): -9.87% to close at N4.20
3. Neimeth International Pharmaceuticals (NEIMETH): -9.87% to close at N2.01
4. Wapic Insurance (WAPIC): -9.72% to close at N0.65
5. CWG: -9.45% to close at N6.90
Top Traded Stocks
In terms of volume traded, ACCESSCORP (-0.55%) led with 52.36 million units, followed by TRANSCORP (-1.63%) with 46.56 million units, UPDCREIT (+1.19%) with 46.21 million units, UBA (+1.18%) with 36.35 million units, and UNITYBNK (+0.60%) with 31.25 million units.
Regarding value traded, ACCESSCORP also led with N942.76 million, followed by UBA with N774.30 million, ZENITHBANK (-0.42%) with N358.33 million, GTCO (-0.90%) with N338.64 million, and OANDO (-1.71%) with N319.66 million.
SWOOTs and FUGAZ Update
InfoStride News observed a bearish trend for SWOOTs as DANGCEM (-2.44%), GTCO (-0.90%), and ZENITHBANK (-0.42%) experienced price declines. Meanwhile, other members of the category (BUACEMENT, BUAFOODS, AIRTELAFRI, MTNN, and SEPLAT) recorded no price changes.
In the Tier-1 banks category, the market reversed direction from the previous day. ACCESSCORP, GTCO, and ZENITHBANK declined, while FBNH (+1.36%) and UBA (+1.18%) experienced price gains.
This update provides a comprehensive overview of the day’s market performance, including indices, top gainers and losers, and insights into specific stock categories.
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