Nigerian Exchange Limited

Jaiz Bank, Unity Bank, Others Lead Stock Gainers on Wednesday

The Nigerian Exchange Limited (NGX) extended gains on Wednesday on the back of a strong positive close in Jaiz Bank, Academy Press Plc, Unity Bank Plc and others.

Investors transacted  266,328,204 shares worth N3.822 billion in 4,502 deals during the trading hours of Wednesday to push the NGX All-Share Index to 44,608.82 index points, an increase of 1.71 percent. The market value of all listed equities crossed N24 trillion to N24.034 trillion.

The Exchange year-to-date improved to 4.43 percent as  24 stocks closed in the red against 15 stocks lost points.

Sectorial performance showed that the NGX Banking Index gained 39bps on JAIZBANK (+10.00%), UNITYBANK (+8.70%), WEMABANK (+2.30%), UBA (+1.23%), FIDELITYBK (+1.18%) and ZENITHBANK (+0.20%). STERLINGBANK (-1.95%) and ETI (-0.58%) lost points.

Similarly, the NGX Consumer Goods Index gained 14bps on CHAMPION (+3.40%), GUINNESS (+2.93%), and PZ (+2.14%). HONYFLOUR (-2.86%) lost points.

The NGX Oil and Gas Index gained 137bps on SEPLAT (+2.99%) and ETERNA (+0.72%). CONOIL (-3.18%) lost points. While the NGX Industrial index gained 306bps on DANGCEM (+6.18%).

Top Gainers

Symbols Last Close Current Change %Change
JAIZBANK N 0.60 N 0.66 0.06 10.00 %
ACADEMY N 0.60 N 0.66 0.06 10.00 %
UNITYBNK N 0.46 N 0.50 0.04 8.70 %
SOVRENINS N 0.24 N 0.26 0.02 8.33 %
MBENEFIT N 0.27 N 0.29 0.02 7.41 %

Top Losers

Symbols Last Close Current Change %Change
CHIPLC N 0.69 N 0.63 -0.06 -8.70 %
REGALINS N 0.46 N 0.42 -0.04 -8.70 %
SUNUASSUR N 0.37 N 0.34 -0.03 -8.11 %
AIICO N 0.81 N 0.78 -0.03 -3.70 %
NEIMETH N 1.86 N 1.80 -0.06 -3.23 %

Top Trades

Symbols Volume Value
TRANSCORP 89018465.00 89873994.14
FBNH 30490813.00 365671267.10
JAIZBANK 14202981.00 8974210.38
STERLNBANK 11694884.00 17701731.69
GTCO 9830679.00 250318990.75

Samed Olukoya

Is the CEO and Founder of Investors King Limited. He is a seasoned foreign exchange research analyst and a published author on Yahoo Finance, Business Insider, Nasdaq, Entrepreneur.com, Investorplace, and other prominent platforms. With over two decades of experience in global financial markets, Olukoya is well-recognized in the industry.

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Samed Olukoya

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