Nigerian Exchange Limited
Stock Investors Gained N526 Billion in Three Days
Investors in the Nigerian Exchange Limited (NGX) have realised a combined N526 billion gain in the last three trading sessions to offset Monday’s decline. The Exchanged, which closed at N23.951 trillion market value on Friday, increased to N24.477 trillion on Wednesday.
On Monday, NGX dipped by N29 billion to N23.922 trillion but quickly rebounded on Tuesday and sustain its expansion on Wednesday on the back of renewed interest in the bourse.
Activity level rose on Wednesday as investors traded 252,938,074 shares worth N8.9255 billion in 4,218 transactions, against 235,233,902 shares worth N1.918 billion that exchanged hands in 4,151 deals on Tuesday.
Breakdown of performance showed the NGX Banking Index appreciated 50bps on the back of improvement in Union Bank of Nigeria (+4.46%), Access Bank (+0.52%) and Zenith Bank (+0.39%). Jaiz Bank (-4.55%), Unity Bank (-2.04%), Wema Bank (-1.15%) and ETI (-0.56%) lost points.
The NGX Consumer Goods Index shed 2bps on Champion (-1.23%) and Honey Flour (-0.59%). While the NGX Oil and Gas Index gained 221bps on Seplat (+4.36%) and the NGX Industrial index closed flat.
NGX All-share Index appreciated by 1.73 percent to 45,430.14 index points, up from 44,655.89 index points it closed on Tuesday. While market value rose by N418 billion from N24.059 trillion it settled on Tuesday to N24.477 trillion on Wednesday.
A total of 16 large stocks posted gains, against 17 stocks that closed in the red. The year-to-date return rose to 6.35 percent. See the details of top gainers and losers below.
Top Gainers
| Symbols | Last Close | Current | Change | %Change |
|---|---|---|---|---|
| AIRTELAFRI | N 1050.50 | N 1155.50 | 105.00 | 10.00 % |
| CORNERST | N 0.50 | N 0.53 | 0.03 | 6.00 % |
| COURTVILLE | N 0.38 | N 0.40 | 0.02 | 5.26 % |
| UBN | N 5.60 | N 5.85 | 0.25 | 4.46 % |
| SEPLAT | N 690.00 | N 720.10 | 30.10 | 4.36 % |
Top Losers
| Symbols | Last Close | Current | Change | %Change |
|---|---|---|---|---|
| FTNCOCOA | N 0.39 | N 0.36 | -0.03 | -7.69 % |
| CHIPLC | N 0.69 | N 0.64 | -0.05 | -7.25 % |
| REGALINS | N 0.45 | N 0.42 | -0.03 | -6.67 % |
| JAPAULGOLD | N 0.42 | N 0.40 | -0.02 | -4.76 % |
| JAIZBANK | N 0.66 | N 0.63 | -0.03 | -4.55 % |
Top Trades
| Symbols | Volume | Value |
|---|---|---|
| GTCO | 25456346.00 | 649356251.40 |
| DANGCEM | 24453030.00 | 6481353849.00 |
| FBNH | 23094320.00 | 277150098.30 |
| FIDELITYBK | 21137645.00 | 57157543.48 |
| FCMB | 12932757.00 | 38790482.47 |