In a week of positive momentum, the Nigerian Exchange Group (NGX) witnessed an impressive 13.8% surge, culminating in a 2.87% gain on the last trading day. The NGX All-Share Index appreciated by 2,641.15 points to close at 94,538.12 points.
Leading the charge in trading were significant stocks, including SEPLAT and BUA Cement, both gaining 10%, while Dangote Cement closely followed with a 9.98% increase.
Reflecting the bullish trend, equities saw a substantial uptick of N1.445 trillion, boosting the market capitalization to N51.735 trillion, up from yesterday’s N50.29 trillion.
This surge contributes to one of the highest weekly gains ever recorded by the NGX, marking a notable 13.8% appreciation in a single week. The week’s outstanding performance adds to the NGX’s year-to-date returns, totaling an impressive 26.4%.
Despite a 25.9% decline in trading volume to 844.49 million units and a 22% dip in trading value to N15.04 billion, compared to the previous day’s figures, the overall market sentiment remained optimistic.
Key Market Metrics:
- NGX All-Share Index: 94,538.15 points
- % Day Change: +2.87%
- Day’s Lowest: 91,793.80 points
- Day’s Highest: 94,538.12 points
- % YTD: +26.43%
- Market Cap: N51.74 trillion
- Volume Traded: 844.49 million units
- Value Traded: N15.04 billion
Top Gainers:
- SEPLAT: +10.00% to close at N2,541.00
- BUACEMENT: +10.00% to close at N148.50
- MAYBAKER: +9.99% to close at N8.26
- DANGCEM: +9.98% to close at N538.80
- HONYFLOUR: +9.96% to close at N5.85
- JOHNHOLT: +9.88% to close at N2.78
Top Losers:
- LASACO: -9.85% to close at N2.47
- CILEASING: -9.82% to close at N3.95
- MBENEFIT: -9.41% to close at N0.77
- NAHCO: -9.38% to close at N33.80
- PZ: -9.31% to close at N33.55
- SOVRENINS: -9.09% to close at N0.60
Top Traded Stocks: By Volume
- TRANSCORP (-2.86%) – 80.32 million units
- VERITASKAP (+2.67%) – 80.07 million units
- FIDELITYBK (-0.77%) – 60.55 million units
- JAIZBANK (-1.43%) – 36.32 million units
- UBA (-0.16%) – 34.86 million units
By Value
- ZENITHBANK (+1.58%) – N1.55 billion
- TRANSCORP (-2.86%) – N1.52 billion
- UBA (-0.16%) – N1.08 billion
- WAPCO (+2.17%) – N876.4 million
- BUACEMENT (+10.00%) – N854.2 million
SWOOT and FUGAZ Update: Positive sentiment prevailed for stocks worth over N1 trillion, with BUACEMENT, SEPLAT, DANGCEM, ZENITHBANK, MTNN, and ACCESSCORP recording price gains. However, GTCO (-3.08%) and UBA (-0.16%) experienced declines.
AIRTELAFRI, BUAFOODS, TRANSCOHOT, and GEREGU saw no price changes.
FBNH, the sole non-SWOOT tier-1 bank, continued its decline, recording a 1.3% drop and contributing to a 5% decline for the week.
