Business News

Equities gain N70 billion in quiet trading day, as NGX appreciates by 0.16% 

The NGX All-Share Index appreciated by 0.16% to close at 71,669.91 points, even as there was a decline in market turnover marking a relatively quiet trading day.  

Equities in the market gained N70 billion to close at N39.219 trillion, up from N39.149 trillion recorded on Friday, December 8. The big stocks were major contributors to the major’s positive performance as most of the SWOOTs recorded price gains.  

In terms of trading volume, there was a decline to 375.32 million units, from last Friday’s 503.84 million units. There was a 46.6% decline in market turnover as the trading value posted was N3.85 billion, down from last Friday’s N7.21 billion.  

Market Indices 

Here are the market Indices for today’s trading session  

NGX All-Share Index: 71,669.91 points  

% Day Change: +0.16%   

Day’s Lowest: 71,503.35 points   

Day’s Highest: 71,685.84 points   

% YTD: +39.84%   

Market Cap: N39.22 trillion   

Volume Traded: 375.32 million   

Value: N3.85 billion   

Deals: 7,011 

Top Gainers 

  • SFSREIT: +9.98% to close at N101.35  
  • ETI: +9.88% to close at N22.80  
  • DEAPCAP: +9.84% to close at N0.67  
  • SCOA: +9.63% to close at N9.63  
  • INFINITY: +9.60% to close at N1.94 

Top Losers  

  • GUINEAINS: -10.00% to close at N0.30  
  • RTBRISCOE: -9.68% to close at N0.56  
  • NSLTECH: -9.33% to close at N0.68  
  • NEM: -9.32% to close at N5.35  
  • NNFM: -8.44% to close at N35.25 

Top Traded Stocks  

In terms of volume, VERITASKAP (+2.86%) led with 88.84 million units, followed by UNIVINSURE (+3.57%) with 44.39 million units, ACCESSCORP (-0.25%) with 30.37 million units, FIDELITYBK (-0.55%) with 23.72 million units, and UBA (+0.44%) with 12.87 million units.  

Concerning trading value, ACCESSCORP (-0.25%) led with N612.70 million, followed by ZENITHBANK (+1.43%) with N446.21 million, GTCO (+0.38%) with N391.32 million, UBA (+0.44%) with N291.32 million, and MTNN (+0.59%) with N256.30 million.  

SWOOT and FUGAZ Update 

Trading was positive for stocks worth over one trillion as MTNN (+0.59%), ZENITHBANK (+1.43%), GTCO (+0.38%), and BUACEMENT (+0.52%) recorded price gains. While AIRTELAFRI, BUAFOODS, DANGCEM, and AIRTEL recorded no price change.  

Trading was mixed for tier-1 banks as FBNH (-1.89%), ACCESSCORP (-0.25%) recorded price declines, while UBA (+0.44%), ZENITHBANK (+1.43%), and GTCO (+0.38%) recorded price gains.  

Download TheTimes App for breaking news and market intelligence.
    app store banner

Back to top button