Business News

NGX rebounds by 0.43% as First Bank continues impressive run in the market 

After a bearish trading day yesterday, the NGX bounced back, appreciating by 0.43% to close at 71,250.17 points.

Equities gained N166 billion as the market capitalization closed at N38.989 trillion. Up from yesterday’s N38.823 trillion. FBN Holdings (FBNH) also continued its impressive run in the market as the stock has now appreciated by 20.77% this week to close at N26.75 today.  

There was a surge in trading volume to 433.568 million units, compared to yesterday’s 358.527 million units. There was also a surge in trading value to N11.1 billion, against yesterday’s N7.1 billion.  

Market Indices  

Here are the market Indices for today’s trading session 

NGX All-Share Index: 71,250.17 points 

% Day Change: +0.43%  

Day’s Lowest: 70,945.55 points  

Day’s Highest: 71,313.85 points  

% YTD: +39.02%  

Market Cap: N38.99 trillion  

Volume Traded: 433.57 million  

Value: N11.1 billion  

Deals: 7,016 

Top Gainers 

  • NSLTECH: +10.00% to close at N0.77  
  • MULTIVERSE: +9.95% to close at N7.07  
  • SUNUASSUR: +9.92% to close at N1.33  
  • FBNH: +9.86% to close at N26.75  
  • THOMASWY: +9.82% to close at N3.02 

Top Losers  

  • ABBEYBDS: +9.88% to close at N1.55  
  • FTNCOCOA: +9.09% to close at N1.50  
  • DAARCOMM: +8.82% to close at N0.31  
  • TANTALIZER: +7.69% to close at N0.52  
  • WAPIC: +7.14% to close at N0.65  

Top Traded Stocks  

In terms of volume, UACN (+4.92%) led with 61.71 million units, followed by UBA (+0.24%) with 58.30 million units, GTCO (+0.77%) with 23.00 million units, NIDF (-0.09%) with 20.52 million units, and ACCESSCORP (+6.32%) with 19.98 million units.  

Concerning value, NIDF (-0.09%) led with N2.22 billion, followed by AIRTELAFRI (-2.06%) with N2.12 billion, MTNN (0.00) with N1.33 billion, UBA (+0.24%) with N1.24 billion, and UACN (+4.92%) with N947.4 million.  

SWOOT and FUGAZ Update  

There was mixed trading sentiment in the SWOOT category as GTCO (+0.77%), BUACEMENT (+4.77%), and ZENITHBANK (+0.14%) experienced price gains, while AIRTELAFRI (-2.06%) experienced a price decline. Other members of the category, DANGCEM, BUAFOODS, MTNN, and SEPLAT saw no price change.  

Trading was positive among tier-1 banks as FBNH (+9.86%), GTCO (+0.77%), ZENITHBANK (+0.14%), and ACCESSCORP (+6.32%) all experienced price gains today.  



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