Emmanuel OchayiIn the Nigerian Stock Exchange, the All-Share Index (ASI) has reached an all-time high, closing today at 70,613.6 points. This milestone was met with enthusiasm by market participants and experts alike, reflecting the resilience and growth in the nation’s equities market.
The equity market experienced an increase of 0.19%, leading to an appreciation in market capitalization by N86 billion, culminating in a closing value of N38.798 billion.
Join our WhatsApp ChannelWhile the Nigerian Stock Exchange saw 7,100 deals, surpassing yesterday’s figure of 6,837 deals, there was also an uptick in trading volume, with 449.283 million units traded, compared to the 391.014 million units from the previous day. However, the trading value witnessed a slight dip, totaling N5.44 billion, down from yesterday’s N7.71 billion.
The Nigerian stock market reached new heights today, with the NGX All-Share Index closing at an all-time high of 70,613.6 points, reflecting a 0.19% daily increase. The market’s year-to-date performance is 37.78%, and its total market capitalization stands at N38.80 trillion. There were 449.28 million shares traded in 7,100 deals, with a total trading value of N5.44 billion.
READ ALSOTHOMASWY, Oando, Others Top Gainers As Market Capitalization Closes At N38 Trillion
Today’s top gainers in the Nigerian stock market include PZ, which surged by 10% to close at N22.00, followed by GLAXOSMITH with a 9.93% increase, closing at N14.95. DAARCOMM also showed growth, rising by 9.52% and closing at N0.23. Additionally, JAPAULGOLD increased by 9.35%, closing at N1.39, and INTBREW closed at N4.15 with an 8.43% gain. These stocks have witnessed value appreciation during the trading session.
While today’s top losers in the Nigerian stock market experienced declines, with NNFM leading the way with a 10% drop to close at N18.00. TIP followed closely with a 9.65% decrease, closing at N1.03, while ROYALEX exhibited a 9.26% decrease, closing at N0.49. OMATEK and ETERNA also recorded losses, with OMATEK falling by 8.77% to close at N0.52 and ETERNA declining by 8.62% to close at N13.25.
Top Traded Stocks in terms of volume, FBNH (+6.35%) led with 52.024 million units, followed by CHIPLC (-5.61%) with 49.526 million units, FIDELITYBK (+4.44%) with 42.020 million units, UBA (-0.24%) with 41.467 million units, and JAPAULGOLD (+9.35%) with 37.080 million units.
In terms of trading value, FBNH also led with N1.026 billion worth of shares traded, followed by UBA with N847 million worth of shares traded, GTCO (+0.85%) with N475.3 million traded, ZENITH BANK (-0.89%) with N438.3 million worth of shares, and FIDELITYBK with N381.5 million worth of shares traded.
Today marked a relatively quiet trading day for major stocks, with BUACEMENT, SEPLAT, BUAFOOD, DANGCEM, MTNN, and AIRTELAFRI all recording zero price changes. Notably, GTCO (+0.85%) and ZENITHBANK (-0.89%) recorded slight price adjustments.
Among the Tier-1 banks, they dominated trading activities in the market, contributing to 54.4% of the market’s trading value. However, trading sentiments varied, with GTCO and FBNH seeing price increases, while UBA and ZENITHBANK witnessed price decreases. ACCESSCORP, on the other hand, experienced no price change.
Emmanuel Ochayi is a journalist. He is a graduate of the University of Lagos, School of first choice and the nations pride. Emmanuel is keen on exploring writing angles in different areas, including Business, climate change, politics, Education, and others.
Follow Us