The Nigerian Exchange Limited saw a marginal growth as the All-Share Index (ASI) appreciated by 0.57% to close at 102,149.93 points, up from Wednesday’s 101,571.11 points. This positive movement also led to equities gaining N320 billion, with the market capitalization appreciating to N55.90 trillion from N55.58 trillion the previous day.
Market breadth showed a slight positive tilt, with 33 stocks recording gains compared to 28 losers. Trading volume experienced a 3.2% increase to 504.19 million units, while the trade value surged by 28.1% to N10.30 billion.
Notable gainers for the day included SEPLAT and UNIVINSURE, each achieving a 10.00% increase in their stock prices. Conversely, companies such as IKEJAHOTEL and HONYFLOUR experienced declines, with their stock prices dropping by 9.91% and 9.70% respectively.
Among the top traded stocks by volume, UBA led with 74.88 million units, followed by TRANSCORP, STERLINGNG, JAPAULGOLD, and ACCESSCORP. In terms of trading value, UBA topped the list with N2.25 billion, followed by GTCO, SEPLAT, ACCESSCORP, and ZENITHBANK.
Positive trading sentiment was observed for stocks worth over N1 trillion, with SEPLAT, GTCO, ACCESSCORP, UBA, ZENITHBANK, and GEREGU recording price gains. On the other hand, Transcorp Hotels faced a price decline. Notably, other major companies including AIRTELAFRI, BUACEMENT, BUAFOODS, DANGCEM, and MTNN witnessed no price changes, while FBNH continued its bearish run with a 1.17% price decline.
