NGX Gains N324bn, Transcorp, Dangote Sugar Top Gainers

In the beginning of the last week of August, the Nigerian stock market had a good start. It built upon the gains from the previous day as investors continued to buy shares of well-established companies.

The overall market index, known as the All-Share Index (ASI), increased by 0.90%. It finished the day at 66,151.38 points, a rise from the previous day’s 65,558.91 points.

The total value of all the companies’ shares, also known as market capitalization, went up by N324 billion. This brought the total market capitalization to N36.205 trillion, which was 0.90% higher compared to the previous trading day’s N35.881 trillion.

Market Indices

Below are the market indices for today’s trading session:

NGX ASI: 66,151.38 points

% Day Change: +0.90%

% YTD: +29.07%

Market Cap: N36.205 trillion

Volume Traded: 311.12 million

Value: N3.92 billion

Deals: 7,193

How Stocks Performed

• Market breadth closed positive as Transcorp (10.00%) led gainers, CWG (-10.00%) led losers while Access Holdings was the most traded equity – by volume – at the end of today’s session.
• Trading volume was 12.61% lower than the previous day’s session as 311.12 million units of shares were traded today.

Top Gainers and Top Losers

• Transcorp, Thomaswy, and Dangote Sugar led the top gainer’s chart as they all gained +10.00% each.
• Meanwhile, CWG, JOHN HOLT, and NEM led the top losers’ chart as they lost -10.00%, -9.80%, and -9.54% respectively.

Top Traded Stocks

• There was lower trading activity in terms of volume as 311.12 million units of shares were traded today compared to the 356.02 million traded from the previous day’s session.
• Access Holdings led the chart in terms of volume as 43.70 million units were traded. Transcorp (28.50 million) and Dangote Sugar (16.03 million) rounded up the top 3 traded stocks for today.
• In terms of value traded, Dangote Sugar (N820.84 million) led the chart followed by Access Holdings (N703.33 million) and Transcorp (N181.73 million) to round up the top three.

SWOOTs Watch

• Shares of stocks worth over one trillion (swoot) saw mixed results as only BUA Foods (9.09%) closed positive.
• Zenith Bank (-0.15%) and GTCO (-0.28%), both closed negatives. While BUA Cement, Dangote Cement, Airtel Africa, and MTN Nigeria all closed flat.

FUGAZ Update

• Shares of tier 1 banks saw mixed trading sessions as UBA (0.36%) and FBN Holdings (0.3%) both closed positive.
• Access Holdings (-3.32%), Zenith Bank (-0.15%%), and GTCO (-0.28%) all closed negative.