INSURANCE FIRM, SEPLET, DRIVE NGX TO 312 BILLION NAIRA GAIN

It is reported that that seplet energy, Japaul gold and May & Baker PLC drove the gain market of capitalization of the Nigerian Exchange up by 312 billion gain.

The NGX All-Share Index and the market capitalisation rose by 0.57 per cent to close at 102,149.93 points and N55.900tn, respectively.

In terms of participation in the market, the key factors such as deals, volume and value of traded units ended up in the green zone.

The year-to-date gains of the benchmark index also rose to 36.61 per cent from 35.82 per cent at the end of the previous trading session.

That is, Trading volume, UBA (+1.34%) led with 74.88 million units, followed by TRANSCORP (-0.76%) with 34.19 million units, STERLINGNG (-0.78%) with 33.07 million units, JAPAULGOLD (+9.80%) with 31.93 million units, and ACCESSCORP (+0.35%) with 27.50 million units.

While  the trading value, UBA (+1.34%) led with N2.25 billion, followed by GTCO (+2.46%) with N957.62 million, SEPLAT (+10.00%) with N820.64 million, ACCESSCORP (+0.35%) with N788.68 million, and ZENITHBANK (+1.42%) with N639.24 million.

Trading sentiment was positive for stocks worth over N1 trillion as SEPLAT (+10.00%), GTCO

Trading sentiment was positive for stocks worth over N1 trillion as SEPLAT (+10.00%), GTCO (+2.46%), ACCESSCORP (+0.35%), UBA (+1.34%), ZENITHBANK (+1.42%), and GEREGU (+5.39%) recorded price gains, while Transcorp Hotels (-1.2%) recorded a price decline.

Other members of the SWOOT category, AIRTELAFRI, BUACEMENT, BUAFOODS, DANGCEM, and MTNN recorded no price change.  FBNH recorded a 1.17% price decline in continuation of its bearish run.

Recall that the market cap crossed 100,000 basis points on Wednesday. The value of traded equities improved by 28.19 per cent to N10.302bn, while the traded volume appreciated by 3.21 per cent to 504.194 million units.

While the number of deals executed on the exchange stood at 12,235, marking a 1.28 per cent increase over the previous day’s figure.

Import to note is the fact that, Seplat Energy Plc has become the equity with the highest price tag on the NGX, closing at N3,074 per unit on Thursday.

The local oil exploration firm, which is listed also on the London Stock Exchange, has a market cap of N1.809tn.

It gained 4.82 per cent to close trading at 143.60 British Pound Sterling at London Stock Exchange.

The next equity with a high price tag is Airtel Africa at N2,000 per unit with a market cap worth N7.516tn.

Here is the Market Indices

NGX All-Share Index: 102,149.93 points

% Day Change: +0.57%

Day’s Lowest: 101,470.48 points

Day’s Highest: 102,149.93 points

% YTD: +36.61%

Market Cap: N55.90 trillion

Volume Traded: 504.19 million units.

Value Traded: N10.30 billion.

Top Gainers

SEPLAT: +10.00% to close at N3074.60

UNIVINSURE: +10.00% to close at N1.34

AIICO: +9.84% to close at N1.34

JAPAULGOLD: +9.80% to close at N2.80

MAYBAKER: +9.77% to close at N7.30

NEM: +9.72% to close at N7.90

Top Losers

IKEJAHOTEL: -9.91% to close at N7.18

HONYFLOUR: -9.70% to close at N4.47

LINKASSURE: -8.40% to close at N1.20

UPDCREIT: -8.06% to close at N5.70

MCNICHOLS: -7.53% to close at N1.35

CORNERST: -7.06% to close at N1.58

Source: Techeconomy