Equities gain N263bn, as NGX-ASI crosses new milestone

For the fifth consecutive day, the NGX has achieved new milestones. Today, the market surpassed the 78,000 mark, with the All-Share Index (ASI) appreciating by 0.62 percent and reaching 78,020.54 points.

At the close of trading for January 5, 2024, equities gained N263 billion, as the market capitalization appreciated by 0.62 percent to close at N42.694 trillion from yesterday’s N42.43 trillion

Volumes traded experienced a slight increase to 984.193 million units, up 0.06 percent from yesterday’s 927.558 million units. There was also an uptick to N11.16 billion representing a 0.04 percent increase from yesterday’s N10.69 billion in the value of stocks traded.

Here are the market Indices for the day’s trading session: NGX All-Share Index: 78,020.52 points; % Day Change: +0.62%; Day’s Lowest: 77,544.52 points; Day’s Highest: 78,179.12 points; % YTD: +4.34%; Market Cap: N42.69 trillion; Volume Traded: 984.19 million units; Value Traded: N11.16 billion.

Top gainers are: WEMABANK: +10.00% to close at N6.71; LEARNAFRCA: +10.00% to close at N3.19; TRANSCORP: +9.93% to close at N11.51; IKEJAHOTEL: +9.92% to close at N7.98; STERLINGNG: +9.83% to close at N5.25.

Top Losers: MULTIVERSE: -9.97% to close at N20.22; MEYER: -9.75% to close at N3.24; TRIPPLEG: -9.30% to close at N1.95; JOHNHOLT: -8.62% to close at N2.12; ABCTRANS: -8.25% to close at N0.89.

Top Traded Stocks include FCMB (+7.88%) led in terms of volume traded with 106.81 million units, followed by FIDELITYBANK (+6.80%) with 103.06 million units, UNITYBNK (+9.74 percent) with 75.79 million units, STERLINGNG (+9.83 percent) with 71.56 million units, and UNIVINSURE (+3.57%) with 43.70 million units.

In terms of value, FIDELITYBK (+6.80%) led with N1.31 billion, followed by ZENITHBANK (+0.86 percent) with N1.18 billion, FCMB (+7.88 percent) with N957.53 million, ACCESSCORP (-3.47 percent) with N877.98 million, and UBA (-2.10 percent) with N839.55 million.