Market Cap Hits Record High of 17 trillion as Bullish Sentiment Persist on Lagos Custom Street

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Trading activities on the Nigerian Stock Market today (Tuesday) closed on a positive note, extending the previous gaining streak to three successive sessions. This came as 39 stocks recorded price appreciation, thereby lifting the Market Capitalization value to a record high of 17 trillion. Consequently, market breadth closed positively, recording 39 gainers as against 11 losers.

NSE Trading Floor

In summary, the All-Share Index (ASI) gained 404.05 absolute points, representing an increase of 1.25% to close at 32,647.10 points. Likewise, the overall Market Capitalization value also gained N211.13 billion, representing an increase of 1.25% to close at N17.059 trillion.

CADBURY, GLAXOSMITH, and NEIMETH emerged joint top-gainers for today with a maximum gain of 10%, while ABCTRANS emerged top of the losers’ chart with a -8.82% price depreciation.

Other notable gainers today are; NASCON (+9.96%), NNFM (+9.92%), OANDO (+9.76%), TRNASCORP (+9.68%), WAPIC (+9.52%), JAPAULOIL (+8.33%) DANGSUGAR (+7.18%), ARDOVA (+7.06%), MANSARD (+5.77%), STANBIC (+4.35%), and MTNN (+4.06%).

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MARKET STATISTICS

CAP N17,059,094,494,074.72 One Day (ASI CHG) +1.25%
Index
32,647.10
One Week (ASI CHG) +6.23%
Volume
578,779,229.00
One Month (ASI CHG) +14.37%
Value N7,743,089,995.96 Six Months (ASI CHG) +35.22
Deals
7,651.00
52 Weeks (ASI CHG) +24.49%
Gainers 39 Losers 11
Unchanged 49 Total 99
YTD Returns +21.63%

Source: NSE, GTI Research

 

Sector Performance

Sector %    Change
NSE30 +1.24
BANKING +0.93
CONSUMER GOODS +1.11
INDUSTRIAL +0.22
INSURANCE +3.28
LOTUS ISLAMIC +1.39
OIL/GAS +1.32

 

Top 7 Traders By Volume

 Company  Volume  value (₦)  Closing Price (₦)
 ZENITHBANK   67,914,245.00   1,621,267,654.70                    24.50
 FBNH   64,722,481.00      464,010,192.75                       7.10
 ACCESS   60,236,489.00      538,721,024.55                       8.90
 FIDELITYBK   35,488,974.00        99,917,074.92                       2.78
 GUARANTY   34,812,470.00   1,208,787,429.70                    35.00
 UBA   24,982,818.00      217,318,902.05                       8.80
 DANGSUGAR   23,941,876.00      449,404,807.45                    19.40

 

Top 7 Traders By Value 

 Company  Volume  value (₦)  Closing Price (₦)
 ZENITHBANK   67,914,245.00   1,621,267,654.70                    24.50
 GUARANTY   34,812,470.00   1,208,787,429.70                    35.00
 DANGCEM     3,051,461.00      556,254,190.50                  185.00
 NB   10,275,910.00      539,525,838.30                    52.50
 ACCESS   60,236,489.00      538,721,024.55                       8.90
 FBNH   64,722,481.00      464,010,192.75                       7.10
 DANGSUGAR   23,941,876.00      449,404,807.45                    19.40

 

NASD OTC MARKET

Trading activities on the NASD OTC trading platform today (Tuesday) closed marginally up, as the Unlisted Security Index (USI) and the Market Capitalization value both gained 0.01% to close at 719.40 absolute points and N528.44 billion compared to 719.31 absolute points and N528.38 billion yesterday. This in nominal term translates to an increase of N60 million in the Market Capitalization Value.

Likewise, the Volume and Value of transactions today rose by 4,236.60% and 9,465.68% respectively compared to yesterday’s position to print at 101,780 and N31.43 million in 6 deals.

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