The Nigerian Exchange (NGX) on Tuesday recorded its highest single-day gain since June 13, 2023 as the All-Share Index (ASI) appreciated by 3.57%, gaining 2,867.31 points to reach a total of 83,191.84 points at theend of the day’s trading session.
The feat came barely 24 hours after the ASI peaked at 80,000 mark on Monday.
According to data from the NGX group on the day’s trading, the market’s equities gained about N1.567 trillion as the market capitalization appreciated by 3.57% to N45.524 trillion, up from the N43.957 trillion recorded in the preceding day’s trading.
According to the market indices, some of the biggest gainers in the market comprised FBN Holdings (First Bank) which gained about 10% to close at N28.60 per share just as UNILEVER and CADBURY gained 10.00% each to close at N18.15 per share
According to the NGX data, the top losers at the close of the trading session include TOTAL,-10.00% to close at N346.50; DAARCOMM lost -9.40% to close at N1.06; RTBRISCOE depreciated by -8.45% to close at N0.65; SUNASSUR dipped in value by -7.69% to close at N1.20; PRESTIGE lost -7.69% to close at N1.20; and THOMASWY also depreciated by -6.37% to close at N2.50
In terms of trading volume, there was an increase of 18.5% to 1.41 billion units, compared to Monday’s 1.19 billion units.
Specifically, in terms of volume, FIDELITYBK (+4.49%) led with about 141.75 million units, followed by FCMB (+9.86%) with 128.97 million units, UBA (+9.03%) with 117.71 million units, TRANSCORP (+2.81%) with 108.34 million units, and ACCESSCORP (+8.39%) with 85.08 million units.
This is even as value of stocks traded appreciated by 61.7% to N24.68 billion compared to the previous day’s N15.26 billion value traded.
On the value of stocks traded, UBA (+9.03%) topped with N3.78 billion, followed by ACCESSCORP (+8.39%) with N2.53 billion, GTCO (+9.55%) with N2.14 billion, ZENITHBANK (+9.99%) with N2.12 billion, and FIDELITYBK (+4.49%) with N1.97 billion.
