Better Days Ahead Guaranteed For Nigerians Under Tinubu As NGX Records Highest Single-Day Gain since June 2023, ASI Crosses 83,000 Points

Written By Oshiobugie John

Continuing the bullish trend into 2024, the Nigerian Exchange Limited (NGX) has achieved its most substantial single-day gain since June 13, 2023. The All-Share Index (ASI) witnessed a remarkable appreciation of 3.57%, surging by 2,867.31 points to reach an impressive total of 83,191.84 points. CONTINUE READING

‘

READ ALSO: EFCC Arrests Zenith, Providus, Jaiz CEOs Over Alleged Fraud Tied To Betta Edu And Sadiya Umar-Farouk – BushRadio (bushradiogist.com)

This significant milestone follows closely on the heels of the All-Share Index crossing the 80,000 mark, demonstrating the sustained positive sentiment in the market. Equities experienced a notable increase of about N1.567 trillion, with the market capitalization appreciating by 3.57% to N45.524 trillion from the previous day’s N43.957 trillion.

Among the major gainers in the market, FBN Holdings (First Bank) marked a substantial 10% increase, reclaiming its position in the SWOOT category. Consumer goods giants Unilever and Cadbury also recorded impressive gains of 10% each.

In terms of trading volume, there was an 18.5% uptick to 1.41 billion units, compared to the previous day’s 1.19 billion units. Additionally, trading value experienced a significant 61.7% surge to N24.68 billion from the previous day’s N15.26 billion.

Market Indices for Today’s Trading Session:

• NGX All-Share Index: 83,191.84 points
• % Day Change: +3.57%
• Day’s Lowest: 80,302.25 points
• Day’s Highest: 83,240.25 points
• % YTD: +11.26%
• Market Cap: N45.52 trillion
• Volume Traded: 1,410 million units
• Value Traded: N24.68 billion

Top Gainers:

• FBNH: +10.00% to close at N28.60%
• CADBURY: +10.00% to close at N18.15
• UNILEVER: +10.00% to close at N18.15
• FTNCOCOA: +10.00% to close at N2.20
• MBENEFIT: +10.00% to close at N0.77
• GUINEAINS: +10.00% to close at N0.44

Top Losers:

• TOTAL: -10.00% to close at N346.50
• DAARCOMM: -9.40% to close at N1.06
• RTBRISCOE: -8.45% to close at N0.65
• SUNUASSUR: -7.69% to close at N1.20
• PRESTIGE: -7.41% to close at N0.50
• THOMASWY: -6.37% to close at N2.50

Top Traded Stocks:

• Volume: FIDELITYBK (+4.49%) with about 141.75 million units, followed by FCMB (+9.86%) with 128.97 million units.
• Value: UBA (+9.03%) led with N3.78 billion, followed by ACCESSCORP (+8.39%) with N2.53 billion.

SWOOT and FUGAZ Update:

• Members of the SWOOT category witnessed extremely positive trading sentiments, recording impressive gains.
• GTCO (+9.55%), ZENITHBANK (+9.99%), UBA (+9.03%), BUAFOODS (+5.59%), MTN (+3.51%), and DANGCEM (+3.72%) all posted gains.
• FBNH reached a market capitalization level surpassing N1 trillion.
• Tier-1 banks were instrumental in driving the positive market performance, with FBNH (+10.00%), UBA (+9.03%), GTCO (+9.55%), ACCESSCORP (+8.39%), and ZENITHBANK (+9.99%) all recording impressive gains

For more information join our whatsapp group by clicking the link here: WhatsApp Group Invite