NGX continues bullish trend as ASI appreciates by 2.04%

The Nigeria Exchange Limited on Wednesday continued its bullish run, appreciating by 2.04 per cent and reaching an all-time high of 77,537.57 points.

Accordingly, equity gained N847 billion as the market capitalisation crossed N42.430 trillion.

Market turnover in terms of volume traded recorded an appreciation to 927.558 million units from yesterday’s 515.807 million units. There was also an appreciation of N10.69 billion in value from yesterday’s N5.57 billion.

Accordingly, the top gainers are DANGSUGAR, +10.00 per cent to close at N63.25; NASCON, +10.00 per cent to close at N59.40; UBA, +10.00 per cent to close at N28.60; BERGER, +10.00 per cent to close at N14.30; CUSTODIAN, +10.00 per cent to close at N9.90; and FCMB, +10.00 per cent to close at N8.25.

Conversely, the top losers are LEARNAFRICA, -9.09 per cent to close at N2.90; CHAMPION, -7.32 per cent to close at N3.80; CILEASING, -2.33 per cent to close at N5.03; NGXGROUP, -1.70 per cent to close at N23.10; ELLAHLAKES, -1.64 per cent to close at N3.00; and CADBURY, -1.17 per cent to close at N16.90.

Regarding top-traded stocks in terms of trading volume, FIDELITYBK (+9.65 per cent) led with 108.11 million units, followed by FCMB (+10.00 per cent) with 79.06 million units, UBA (+10.00 per cent) with 55.50 million units, UNIVINSURE (+7.69 per cent) with 50.60 million units, and ACCESSCORP (+9.98 per cent) with 46.87 million units.

Concerning value, UBA (+10.00%) led with N1.54 billion, followed by FIDELITYBK (+9.65%) with N1.31 billion, ACCESSCORP (+9.98%) with N1.18 billion, ZENITHBANK (+4.23%) with N832.84 million, and FCMB (+10.00%) with N644.03 million.

Trading was positive for stocks worth over N1 trillion, as BUAFOODS (+1.81%), ZENITHBANK (+4.23%) and GTCO (+3.49%) all recorded gains. Other members of the category (AIRTELAFRI, BUACEMENT, DANGCEM, MTNN, and SEPLAT) recorded no price gains.

For tier-1 banks, trading was positive, as the gains recorded by these banks drove the overall positive performance in the market. Top gainers are FBNH (+8.25%), UBA (+10.00%), GTCO (+3.49%), ACCESSCORP (+9.98%), and ZENITH BANK (+4.23%).