Dangote Sugar, UBA top gainers chart as NGX soars, crosses 77,000 mark

One day after crossing the 75,000 mark, the NGX has continued its bullish run, appreciating by 2.04 percent, gaining 1,546.69 points to hit 77,537.57 points.

Equities gained N847 billion, as the market capitalisation crossed to N42.430 trillion. Gains in the market were propelled by Dangote Sugar, UBA, and NASCON which all gained 10 percent.

Market turnover in terms of volume traded recorded an appreciation to 927.558 million units, from yesterday’s 515.807 million units. In terms of value, there was also an appreciation to N10.69 billion, from yesterday’s N5.57 billion.  Here are the market Indices for the day’s trading session: NGX All-Share Index: 77,537.57 points; Day Change: +2.04%; Day’s Lowest: 75,990.16 points; Day’s Highest: 77,548.01 points; % YTD: +2.04%; Market Cap: N42.43 trillion; Volume Traded: 927.56 million units; Value Traded: N10.69 billion

Top Gainers include DANGSUGAR: +10.00 percent to close at N63.25; NASCON: +10.00 percent to close at N59.40; UBA: +10.00 percent to close at N28.60; BERGER: +10.00 percent to close at N14.30; CUSTODIAN: +10.00 percent to close at N9.90; FCMB: +10.00 percent to close at N8.25.

Top Losers include LEARNAFRICA: -9.09 percent to close at N2.90; CHAMPION: -7.32 percent to close at N3.80; CILEASING: -2.33 percent to close at N5.03; NGXGROUP: -1.70 percent to close at N23.10; ELLAHLAKES: -1.64 percent to close at N3.00; CADBURY: -1.17 percent to close at N16.90.

In terms of trading volume, FIDELITYBK (+9.65percent) led with 108.11 million units, followed by FCMB (+10.00percent) with 79.06 million units, UBA (+10.00percent) with 55.50 million units, UNIVINSURE (+7.69percent) with 50.60 million units, and ACCESSCORP (+9.98percent) with 46.87 million units.

Concerning value, UBA (+10.00percent) with N1.54 billion, followed by FIDELITYBK (+9.65percent) with N1.31 billion, ACCESSCORP (+9.98percent) with N1.18 billion, ZENITHBANK (+4.23percent) with N832.84 million, and FCMB (+10.00percent) with N644.03 million.

Trading was positive for stocks worth over N1 trillion as BUAFOODS (+1.81%), ZENITHBANK (+4.23 percent) and GTCO (+3.49percent) all recorded gains. Other members of the category (AIRTELAFRI, BUACEMENT, DANGCEM, MTNN, and SEPLAT) recorded no price gains.

For tier-1 banks, trading was positive as the gains recorded by these banks drove the overall positive performance in the market. FBNH (+8.25 percent), UBA (+10.00 percent), GTCO (+3.49 percent), ACCESSCORP (+9.98 percent), and ZENITHBANK (+4.23 percent).