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Nigerian Stock Exchange Hits N15 Trillion Market Value, Investors Gain N600bn in Five Hours

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Stock Investors Gain N600 Billion in Five Hours as Nigerian Stock Exchange Hits N15 Trillion Market Cap

The Nigerian Stock Exchange gained N600 billion in the early hours of Tuesday to hit N15.002 trillion market capitalisation as more investors jumped on Nigerian stocks amid the projected increase in economic productivity.

The Nigerian Stock Exchange market capitalisation rose by N600 billion from N14.402 trillion it closed on Monday to N15.002 trillion within five hours of the stock market opening.

Nigerian Stock Exchange Index, All-Share Index, gained 4.16 percent from 27,554.49 basis points it closed on Monday to 28,701.24 basis points on Tuesday.

Similarly, activities on the Exchange rose to a record as investors traded 506.119 million shares valued at N6.971 billion in 5,309 deals within five hours.

Dangote Cement led top gainers with N14.2 or 9.86 percent to close at N158.2 per unit share at 1 am Nigerian time. This was followed by MTN Nigeria’s N5 or 3.70 percent to settle at N140 a unit share. Bringing MTN Nigeria’s total gains since April 2020 to around N1 trillion.

Nigerian Breweries, Stanbic and Zenith Bank followed with N3.5 or 7.17 percent, N2 or 4.94 percent and N1.7 or 8.95 percent to close at N52.3, N42.5 and N20.7, respectively. See the details below.

Top Trader Stocks

Symbols Volume Value
ZENITHBANK 106,478,622 N2,168,771,058.00
UBA 76,707,005 N513,815,872.90
FBNH 65,868,269 N397,804,516.15
GUARANTY 29,640,933 N897,985,596.05
WAPCO 29,294,336 N495,768,555.75

Top Gainers

Symbols Last Close Current Change %Change
DANGCEM N144 N158.2 14.2 9.86%
MTNN N135 N140 5 3.70%
NB N48.8 N52.3 3.5 7.17%
STANBIC N40.5 N42.5 2 4.94%
ZENITHBANK N19 N20.7 1.7 8.95%

Top Losers

Symbols Last Close Current Change %Change
BERGER N6.5 N6.1 -0.4 -6.15%
CUSTODIAN N5.35 N5.2 -0.15 -2.80%
NPFMCRFBK N1.37 N1.25 -0.12 -8.76%
NEIMETH N1.95 N1.85 -0.1 -5.13%
AFRIPRUD N5.2 N5.15 -0.05 -0.96%

CEO/Founder Investors King Ltd, a foreign exchange research analyst, contributing author on New York-based Talk Markets and Investing.com, with over a decade experience in the global financial markets.