The Nigerian Exchange Market kicked off the week on a high note, recording a substantial profit of N323 billion. This positive development saw the equity capitalization climb to N56.452 trillion on Monday, up from N56.128 trillion last Friday.
The All-Share Index (ASI) mirrored this growth, rising from 99,222.33 to 99,793.71.
Market Dynamics:
-Market Breadth: Showed a positive trend with 29 stocks advancing, 10 declining, and 79 remaining unchanged across 8,657 deals.
Leading Gainers:
– FLOUR MILL: Increased by 10% to close at N41.80 from N38.00.
– TOTAL: Rose by 9.98%, ending at N353.60 from N321.50.
– ACCESSCORP: Grew by 9.86% to close at N18.95 from N17.25.
Leading Losers:
– ETRANZACT: Dropped by 9.90%, closing at N4.55 from N5.05.
– DAARCOMM: Decreased by 9.52%, finishing at N0.57 from N0.63.
– CHAMPION: Fell by 6.67% to N2.80 from N3.00.
Volume and Value Leaders:
– FIDELITY BANK: Dominated the volume index, trading 605.256 million shares valued at N6.025 billion in 417 deals.
– ACCESSCORP: Followed by 93.067 million shares worth N1.744 billion in 1,032 deals.
FIDELITY BANK: Also traded 58.725 million shares valued at N1.260 billion in 670 deals.
Highest Value Trades:
FIDELITY BANK: Topped the value index, with shares worth N6.025 billion traded in 417 deals.
ACCESSCORP: Second highest, trading equities worth N1.744 billion in 1,032 deals.
Nigerian Breweries: Traded stocks worth N1.267 billion in 109 deals.
