Record High: NGX Ends Week on Positive Note with ASI Reaching New Peak

In continuation of this week’s bullish trend, the NGX’s All-Share Index reached a new record high of 71,112.99 points, marking a 0.12% increase from Thursday’s levels.

Equities saw a notable increase of N46 billion, driving the market capitalization up to N39.108 trillion. One of the key market movements was the impressive 9.35% surge in Unity Bank’s share price, attributed to ongoing discussions regarding a potential merger with Providus Bank.

Mecure Industries sustained its remarkable performance, climbing by 9.98% to close at N5.73, reflecting a substantial 93.6% surge from its initial share price of N2.96.

The number of deals declined to 5,883 from the previous day’s 6,545, accompanied by an 8.7% reduction in trading volume to 441.579 million units from Thursday’s 483.848 million units.

Despite the decrease in trading volume, the value of trades recorded a significant uptick, rising by 37.7% to N6.033 billion compared to the previous day’s N4.38 billion.

Market Indices Overview:

– NGX All-Share Index: 71,112.99 points
– % Day Change: +0.12%
– Day’s Lowest: 71,013.70 points
– Day’s Highest: 71,169.70 points
– % YTD: +38.75%
– Market Cap: N39.108 trillion
– Volume Traded: 441.579 million
– Value: N6.03 billion
– Deals: 5,883

Top Gainers:

1. MULTIVERSE: +10.00% to close at N3.63
2. PRESTIGE: +10.00% to close at N0.55
3. MERCURE: +9.98% to close at N5.73
4. CILEASING: +9.93% to close at N4.98
5. NNFM: +9.89% to close at N23.90

Top Losers:

1. ABCTRANS: -10.00% to close at N0.81
2. BETAGLAS: -9.92% to close at N54.00
3. TIP: -9.80% to close at N0.92
4. JAPAULGOLD: -9.09% to close at N1.70
5. ROYALEX: -8.93% to close at N0.51

Top Traded Stocks:

In terms of volume:
1. JAIZBANK (-0.62%) led with 95.21 million units.
2. GTCO (0.00%) followed with 35.30 million units.
3. TIP (-9.80%) recorded 29.50 million units.
4. JAPAULGOLD (-9.09%) had 29.09 million units.
5. CILEASING (+9.93%) traded 19.54 million units.

In terms of value:
1. GTCO led with N1.31 billion worth of trades.
2. SEPLAT (+7.69%) followed with N1.03 billion.
3. MTNN (-0.62%) recorded N783.70 million.
4. UBA (+0.48%) traded N398.84 million.
5. ZENITHBANK (-0.30%) had N246.86 million.

SWOOTs and FUGAZ Update:

SEPLAT recorded a significant 7.69% price gain, while MTNN and ZENITHBANK experienced declines of 0.62% and 0.30%, respectively. BUACEMENT, AIRTELAFRI, BUAFOODS, DANGCEM, and GTCO showed no price changes.

Tier-1 banks exhibited mostly flat trading, with ACCESSCORP (+0.29%) and UBA (+0.48%) seeing price gains, while ZENITHBANK (-0.30%) recorded a decline. GTCO and FBNH reported no price changes.

Note: Information in this report is sourced from InfoStride News.