NGX Market Capitalisation Gain N194 as Transcorp Power Plc Leads

The Nigerian Stock Exchange was up by N194 billion following the buy-interest of Transcorp Power Plc and nine (9) other firms. This report is the market's second consecutive day win after last week, when it suffered a bearish run. The market indicator at the NGX gained 0.35%.

The NGX All Share Index (ASI) increased by 342.57 basis points, or 0.35%, to close at 99,190.46 basis points. Accordingly, market capitalisation increased by N193 billion to close at N56.083 trillion.

The NGX stock market month-to-date and year-to-date returns finished at -0.8% and +32.7%, respectively. NGX Insurance dropped by 3.2%, NGX Consumer Goods (declined by 0.8%), and NGX Banking advanced by 1.1%.

However, the NGX Industrial Goods and NGX Oil & Gas indices closed flat.

As measured by market breadth, market sentiment was negative, as ten stocks gained while 37 lost. 

Top Gainers: Transcorp and Transcorp Power led the chart with 10% each to close at N17.27 and N290.40, respectively, while FBNH followed with a gain of 9.88% to close at N31.15 per share. TIP followed with 9.77% to close at N2.36, while Juli appreciated by 9.71% to close at N4.52 per share.

Top Losers: International Breweries and NASCON Allied Industries led with 10% each to close at N4.32 and N48.15, respectively, followed by May & Baker Nigeria, which declined 9.93% to close at N5.08 per share. Thomas Wyatt Nigeria fell by 9.85% to close at N1.83, and C&I Leasing declined 9.84% to close at N3.48 per share.

The total volume traded decreased by 7.33% to 398.134 million units, valued at N31.789 billion, and exchanged in 10,976 deals.

In terms of the activity chart, transactions in the shares of Transcorp Power led to 87.486 million shares valued at N25.406 billion. Transcorp followed with 68.031 million shares worth N1.175 billion, while United Bank for Africa (UBA) traded 23.350 million shares valued at N519.512 million.

Access Holdings Plc traded 18.473 million shares valued at N380.967 million, while FBNH sold 17.912 million shares worth N540.509 million.