NGX closes week in positive fashion as ASI hits new all-time high
In continuation of this week’s bullish rally, the NGX’s All-Share Index appreciated to a new all-time high of 71,112.99 points, representing a 0.12% gain from Thursday.
Equities gained N46 billion as the market’s capitalization appreciated to N39.108 trillion. Some of the noteworthy moves in the market include the +9.35% surge in Unity Bank’s share price after its purported merger with Providus Bank.
Mecure Industries also continued its impressive run, appreciating by 9.98% to close at N5.73 which represents a 93.6% surge from its first-ever share price of N2.96.
There was a decline in the number of deals to 5,883 from yesterday’s 6,545. There was also an 8.7% decline in the trading volume to 441.579 million units from Thursday’s 483.848 million units.
The value of trades recorded was higher by 37.7% as the value traded was N6.033 billion compared to yesterday’s N4.38 billion.
Here are the market Indices for today’s trading session
NGX All-Share Index: 71,112.99 points
% Day Change: +0.12%
Day’s Lowest: 71,013.70 points
Day’s Highest: 71,169.70 points
% YTD: +38.75%
Market Cap: N39.108 trillion
Volume Traded: 441.579 million
Value: N6.03 billion
MULTIVERSE: +10.00% to close at N3.63
PRESTIGE: +10.00% to close at N0.55
MECURE: +9.98% to close at N5.73
CILEASING: +9.93% to close at N4.98
NNFM: +9.89% to close at N23.90
ABCTRANS: -10.00% to close at N0.81
BETAGLAS: -9.92% to close at N54.00
TIP: -9.80% to close at N0.92
JAPAULGOLD: -9.09% to close at N1.70
ROYALEX: -8.93% to close at N0.51
Top Traded Stocks
In terms of volume, JAIZBANK (-0.62%) led with 95.21 million units, followed by GTCO (0.00%) with 35.30 million units, TIP (-9.80%) with 29.50 million units, JAPAULGOLD (-9.09%) with 29.09 million units, and CILEASING (+9.93%) with 19.54 million units.
In terms of value, GTCO led the market with N1.31 billion worth of trades followed by SEPLAT (+7.69%) with N1.03 billion, MTNN (-0.62%) with N783.70 million, UBA (+0.48%) with N398.84 million, and ZENITHBANK (-0.30%) with N246.86 million.
SWOOTs and FUGAZ Update
Some big stocks recorded price changes as SEPLAT recorded a remarkable 7.69% price gain, while MTNN and ZENITHBANK fell by 0.62% and 0.30% respectively. However, BUACEMENT, AIRTELAFRI, BUAFOODS, DANGCEM, and GTCO recorded no price changes.
Tier-1 banks recorded mostly flat trading, as ACCESSCORP (+0.29%) and UBA (+0.48%) recorded price gains, while ZENITHBANK (-0.30%) recorded a price decline. GTCO and FBNH recorded no price changes.
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Full Story: https://nairametrics.com/2023/11/18/ngx-closes-week-in-positive-fashion-as-asi-hits-new-all-time-high/
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