NGX Crosses 80,000 mark, as Investors Gain N363billion

Nigeria Stock Exchange (NGX) all-share index has crossed the 80,000 marks, making all the All-Share Index closed at 80,324.53 points yesterday, January 8, 2024.

The surge in the stock market that began since beginning of the year continue as investors also recorded N363 billion gains, to bring the cumulative capital appreciation for the year to 3.04 trillion.

There was a 33.3% appreciation in traded volume to 1.19 billion units, from last Friday’s 892.68 million units. In terms of value, there was an appreciation of N15.26 billion, from last Friday’s N14.33 billion.

Also, the Nigerian Exchange Limited, NGX All Share index (ASI), which measures the performance of the market, closed 0.83percent higher.

In terms of volume, TRANSCORP (+9.79%) led with 298.3 million units, followed by FCMB (+9.23%) with 106.05 million units, FIDELITYBK (-5.99%) with 87.65 million units, STERLINGNG (+9.88%) with 62.55 million units, and UNITYBNK (+9.79%) with 32.57 million units.

In terms of value, TRANSCORP (+9.79%) led with N4.08 billion, followed by FIDELITYBK (-5.99%) with N1.19 billion, MTNN (-0.70%) with N1.14 billion, FCMB (+9.23%) with N1.08 billion, and UBA (+3.28%) with N829.53 million.

There was mixed trading sentiment for stocks worth over N1 trillion as MTNN (-0.70%) recorded a price decline, while ZENITHBANK (+2.50%) and GTCO (+3.57%) recorded a price gain. UBA recorded a 3.28% gain to close with a market cap of N1.02 trillion, thus admitting the company into the SWOOT category.

Trading was positive for tier-1 banks as GTCO (+3.57%), UBA (+3.23%), ZENITHBANK (+2.50%), and ACCESSCORP (+3.20%) recorded price gains, while FBNH recorded no price change.

Here are the market Indices for yesterday’s trading session