On
Thursday, the NGX continued it winning streak across key market indices.
The
NGX ASI gained an impressive +1.21% driven by price upticks in major names -
TRANSCOHOT (+7.4%), MTNN (+5.4%), and ACCESSCORP (+4.8%).
Brining the YTD
return of the index to +45.0% (previously: +43.2%), and the entire equity
market cap reaching another record high of N40.7 trillion.
The
NGX Premium Board Index similarly witnessed a bullish performance in the
trading session, gaining a remarkable +2.25%. Its performance was driven by
MTNN, FBNH (+4.8%), and UBA (+2.97%). The NGX Growth Board Index, however,
declined for the second consecutive day. This index rallied hard and fast in
2023, and it appears that investors are taking profit and redistributing their
earnings. Nonetheless, all major market indices are poised to finish the year
strong.
Sectoral Performance:
The
best performing sector was the NGX Banking Sector gaining +1.41% for the day,
fuelled by strong gains from STERLINGNG (+5.15%), ACCESSCORP (+4.8%), JAIZBANK
(+3.97%), UBA (+2.97%), UNITYBNK (+2.76%), and ZENITHBANK (+0.39%). In second
and third place was the NGX Pension Index and NGX Insurance Index, gaining
+1.21% and +0.61% respectively.
On
the other side of the spectrum, the NGX Oil and Gas Index reversed yesterday's
gains and the NGX Consumer Goods Index continued its dip following losses from
companies like ETERNA (-2.04%), CONOIL (-1.19%), and NESTLE (-1.74%).
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Index
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Last Close
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1-Day Change
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NGX
All Shares Index
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74,289.02
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+1.21%
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NGX
Growth Board Index
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6,277.20
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-0.08%
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NGX
Premium Board Index
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7,204.87
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+2.25%
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NGX
Oil and Gas Index
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1,039.25
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-0.05%
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NGX
Banking Index
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894.52
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+1.41%
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NGX
Consumer Goods Index
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1,138.17
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-0.15%
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NGX
Insurance Index
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293.88
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+0.61%
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NGX
Pension Index
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3,199.51
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+1.21%
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NGX
Industrial Index
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2,712.89
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+0.01%
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Nigerian stocks that increased the most in price in the last
trading day.
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Company
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Ticker
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Last
Close
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Volume
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1-Day
Change
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Industrial
& Medical Gases Nig. Plc.
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IMG
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₦9.35
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51.96M
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+10.0%
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Transnational
Corp. of Nig. Plc.
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TRANSCORP
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₦8.47
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65.3M
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+10.00%
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Okomu
Oil Palm Plc.
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OKOMUOIL
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₦263.90
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169.8K
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+9.96%
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Nigerian stocks that saw the highest number of shares traded
in the last trading day.
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Company
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Ticker
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Last
Close
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Daily Volume
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Number
of Trades
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1-Day
Change
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Abbey
Mortgage Bank Plc.
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ABBEYBDS
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₦1.68
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224.08M
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17
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+9.09%
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Access
Holdings Plc.
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ACCESSCORP
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₦23.30
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65.8M
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584
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+1.75%
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Transnational
Corp. of Nig. Plc.
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TRANCORP
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₦8.47
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65.3M
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419
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+10.00%
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