Nigerian Exchange Closes Flat As Market Cap Stands At N20.57 Trillion

At the end of this week’s trading session, the Nigerian Exchange closed flat amidst sell-offs and buy-interests, as the benchmark All-Share Index (ASI) appreciated by 2 basis points, while the market capitalization increased by N4.98 billion. The NGX ASI closed at 39,485.65 points, to reflect a gain of 0.02% from the previous trading day.

Week-on-week, the Nigerian bourse closed flat as well to appreciate by 0.01% from 39,483.08 the previous week.

At the close of the market yesterday, Friday 27th of August 2021, Nigeria’s stock exchange market value stood at N20.57 trillion. Its Year-to-Date (YTD) return, however, is currently settled at -1.95%.

The market breadth closed positive as MORISON led 18 Gainers, and 10 Losers topped by UNILEVER at the end of the day’s session.

The stock market has declined by -785.07 base points since the start of the year.

NGX ASI top gainers

• MORISON up +9.47% to close at N1.85
• FTNCOCOA up +9.09% to close at N0.48
• SOVRENINS up +8.70% to close at N0.25
• UPDC up +8.28% to close at N1.83
• BOCGAS up +6.31% to close at N11.80

NGX ASI top losers

• UNILEVER down -10.00% to close at N13.50
• NASCON down -9.87% to close at N14.15
• AIICO down -4.85% to close at N0.98
• VERITASKAP down -4.17% to close at N0.23
• TRANSCORP down -3.16% to close at N0.92

NGX ASI top traded by volume

• TRANSCORP– 45,132,732.00 units
• MBENEFIT – 29,261,967.00 units
• GTCO – 22,093,634.00 units
• ZENITHBANK – 16,357,479.00 units
• ETRANZACT – 13,840,748.00 units

NGX ASI top traded by value

• GTCO – N614,251,467.80
• ZENITHBANK – N399,144,848.65
• MTNN – N141,718,612.30
• WAPCO – N76,526,537.20
• UBA – N53,866,252.45

Market sentiments trended towards the bulls, with the market differential in favour of the advancers, as 10 losers were surpassed by 18 gainers.