Chams, PZ, others Drive Equity Market as NGX ASI Hits 84,640.89 Points

The equities of Chams Holdings Plc, PZ Cussons, and other gainers drove the equity market to a gain of N874bn at the close of the trading on Monday.

While Dangote Cement appreciated by 7.49%, at the Nigerian Stock Exchange (NGX) with its market cap gaining N430 billion.

Furthermore, the All-Share Index appreciated by 1.92 per cent or 1,597.93 basis points to close at N 84,640.89, closer to the 85,000 points than it was on Friday.

But the year-to-date gains also strengthened to 13.20 per cent from 11.06 per cent from the previous trading session.

Similar to the ASI, equities gained N1.118 trillion, as the market capitalization rose to N46.319 trillion from last Friday’s N45.199 trillion.

There were also some movements in the market as Access Bank moved back into the N1 trillion market cap territory, while FBN Holdings dropped out of it, with the Geregu Power gaining 7.52%.

In terms of trading activities, there was a 34% increase in trading volume to 807.51 million units, from last Friday’s 600.63 million units.

In this stead, TRANSCORP (+4.69%) led with 66.89 million units, followed by AIICO (+2.40%) with 62.29 million units, WEMABANK (+9.92%) with 41.57 million units, JAIZBANK (+9.93%) with 39.19 million units, and FCMB (+3.64%) with 38.15 million units.

Also important to note, is a 21% increase in trading value to N11.03 billion from N9.1 billion when the market closed on the last trading of last week.

NASCON (+8.33%) led with N1.091 billion, followed by ZENITHBANK (+3.60%) with N1.089 billion, TRANSCORP (+4.69%) with N956 million, UBA (+1.45%) with N857.26 million, and MTNN (0.00%) with N791.55 million.

Below are the market Indices for yesterday’s trading session.

NGX All-Share Index: 84,640.89 points.

% Day Change: +1.92%

Day’s Lowest: 82,949.40 points

Day’s Highest: 84,640.89 points

% YTD: +13.2%

Market Cap: N46.32 trillion