NGX-ASI crosses 80,000 mark

…As Tier-1 banks record gains in share price

The NGX All-Share Index (ASI) has crossed the 80,000 mark, as the All-Share Index closed at 80,324.53 points on January 8, 2024.

This is as the equities market also gained N363 billion as the market cap appreciated to N43.957 trillion, from last Friday’s N43.594 trillion.

There was a 33.3 percent appreciation in traded volume to 1.19 billion units, from last Friday’s 892.68 million units. In terms of value, there was an appreciation of N15.26 billion, from last Friday’s N14.33 billion.

Now with a market cap of N1.02 trillion, UBA was admitted into the SWOOT category recording a 3.28 percent gain.

Trading was positive for tier-1 banks as GTCO (+3.57 percent), UBA (+3.23 percent), ZENITHBANK (+2.50 percent), and ACCESSCORP (+3.20 percent) recorded price gains, while FBNH recorded no price change.

In terms of volume, TRANSCORP (+9.79 percent) led with 298.3 million units, followed by FCMB (+9.23 percent) with 106.05 million units, FIDELITYBK (-5.99 percent) with 87.65 million units, STERLINGNG (+9.88 percent) with 62.55 million units, and UNITYBNK (+9.79 percent) with 32.57 million units.

In terms of value, TRANSCORP (+9.79 percent) led with N4.08 billion, followed by FIDELITYBK (-5.99 percent) with N1.19 billion, MTNN (-0.70 percent) with N1.14 billion, FCMB (+9.23 percent) with N1.08 billion, and UBA (+3.28 percent) with N829.53 million.

At the close of trading, the market recorded 53 gainers, 17 losers, and 49 unchanged. CORNERST topped the gainers list, while DAARCOMM topped the list of losers.