UPL, Sovereign Insurance lead market advancers to gain N20.43 billion in market cap


Nigerian Exchange Closes Flat as Market Capitalization Sheds N2.44 billion

At the end of today’s trading session, the Nigerian Exchange market closed on a positive note amidst sell-offs and buy-interests as the benchmark All-Share Index (ASI) appreciated by 10 basis points.

The NGX ASI closed at 40,868.36 points, to reflect a gain of 0.10% from the previous trading day and a Year-to-Date (YTD) return of 1.48%. Meanwhile, the market capitalization increased by N20.43 billion.

At the close of market today, Friday, 8th October 2021, the stock exchange market value currently stands at N21.30 trillion from N21.28 trillion in the previous trading day.

The market breadth closed positive as UPL led 23 Gainers, and 17 Losers topped by ACADEMY at the end of today’s session.

The stock market has advanced 597.64 basepoints since the start of the year.

NGX ASI top gainers

  • UPL up +9.72% to close at N1.58
  • SOVRENINS up +9.09% to close at N0.24
  • CAVERTON +6.33% to close at N1.68
  • NPFMCRBNK up +5.26% to close at N1.80
  • REGALINS up +5.26% to close at N0.40

NGX ASI top losers

  • ACADEMY down –7.69% to close at N0.36
  • AFRIPRUD down –6.06% to close at N6.20
  • HONYFLOUR down –3.78% to close at N3.56
  • JAIZBANK down –3.33% to close at N0.58
  • MBENEFIT down –3.23% to close at N0.30

NGX ASI top traded by volume  

  • FBNH – 150,072,084 units
  • GTCO – 17,328,892 units
  • FIDELITY – 13,787,462 units
  • TRANSCORP – 12,503,382 units
  • ETI – 11,548,880 units

NGX ASI top traded by value

  • FBNH – N1,497,306,975.95
  • GTCO –  N495,234,754.90
  • MTNN –  N102,606,853.00
  • ZENITHBANK – N86,285,537.90
  • ETI – N103,079,442.30

Market sentiments trend towards the bulls with the market differential being in favour of the advancers as 23 gainers surpass 17 losers.

Source: NairaMetrics

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