Honeywell regains bullish stance despite NGX’s N71.09 billion market cap dip

Honeywell regains bullish stance despite NGX’s N71.09 billion market cap dip

The NGX closed on a negative note amidst sell-offs and buy-interests as the benchmark All-Share Index (ASI) depreciated by 32 basis points.

The NGX ASI closed at 43,108.77 points, to reflect a decline of 0.32% from the previous trading day and a Year-to-Date (YTD) return of 7.05%. Meanwhile, the market capitalization decreased by N71.09 billion.

At the close of the market today, Thursday 25th November 2021, the stock exchange market value currently stands at N22.49 trillion from N22.57 trillion in the previous trading day.

The market breadth closed negative as HONYFLOUR led 14 gainers, and 24 Losers topped by MRS OIL at the end of today’s session.

The stock market has advanced 2,838.05 base points since the start of the year.

NGX ASI Top gainers

HONYFLOUR up +9.76% to close at N4.05
AIICO up +8.47% to close at N0.64
REGALINS up +8.33% to close at N0.39
UPL up +8.00% to close at N2.70
IKEJAHOTEL up +8.00% to close at N1.35

NGX ASI Top losers

MRS down –9.87%to close at N13.70
CHAMS down –8.70% to close at N0.21
ETI down – 8.57% to close at N8.00
CHIPLC down – 8.06% to close at N0.57
UNITYBANK down –7.27% to close at N0.51

NGX ASI Top Traded by Volume

HONYFLOUR – 52,467,164 units
GTCO – 22,957,965 units
ZENITH – 22,886,054 units
TRANSCORP – 18,464,628 units
ACCESS – 13,938,3303 units

NGX ASI Top Traded by Value

SEPLAT – N1,183,856,203.20
GTCO – N578,561,871.30
ZENITHBANK – N559,037,845.90
NB – N411,222,351.55
HONYFLOUR – N209,572,149.51

Market sentiments trend towards the bears despite the market differential being in favour of the decliners as 14 gainers surpassed 24 losers.

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Source: Nairametrics

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