NGX swap cap hits file N164 trillion as trading volume surges

• Other important volume drivers included Entry Holdings Plc including 56,989,632 shares, Chams Holding Organization Plc including 41,438,358 shares, Zenith Bank Plc together with 25,242,600 shares, Guaranty Trust Holding Firm Plc (GTCO) using 23,815,927 shares, Decisive Minerals Financing Corp Plc alongside 22,995,110 shares, FCMB Collection Plc alongside 22,256,347 shares, and United Bank for Africa Plc (UBA) including 20,703,073 shares.
• Trading distribution across swap boards revealed that the Principal Board accounted for the lion’s communicate of labor, recording 890,935,193 shares traded in 37,090 deals.
• The High-conclude Board contributed 116,158,667 shares across 20,418 deals, whereas the Growth Board logged 8,719,843 shares in 1,557 deals.

Appraisal describe Investment Trusts (REITs) & Closed-Finish Money recorded 2,586,950 shares across 790 deals, and the Non-Entice to Finance Board registered 6,373,161 shares in 1,806 deals.

Sectoral output

Sectoral indicators reflected a predominantly bullish tone, led by gains in financial institutions.

• NGX Banking Index (+1.14%) enhanced to 2,752.82 points from 2,721.83 points. Upside momentum from Sovereign Trust Insurance Plc (+9.17%), AXA Mansard Insurance Plc (+3.08%), and Sunu Assurances Nigeria Plc (+2.67%) successfully offset declines in Fortis World Insurance Plc (-9.50%) and Coronation Insurance Plc (-4.74%).
• NGX Oil & Gas Index (+0.01%) closed slightly elevated at 6,244.45 points, supported by rate appreciations in Eterna Plc (+9.62%) and Japaul Gold & Ventures Plc (+4.15%), which counterbalanced earnings-taking in Oando Plc (-1.83%).
• NGX Growth Index (+0.44%) gained to extend to 27,031.30 points, propelled by reliable resonate to in Zichis Agro Allied Industries Plc (+8.98%).
• NGX Consumer Goods Index (-0.10%) edged down to 4,090.41 points, pulled support by losses in Dangote Sugar Refinery Plc (-1.41%) and Unilever Nigeria Plc (-0.09%), despite charge appreciations in UAC of Nigeria Plc (+3.19%) and Honeywell Flour Mill Plc (+1.48%).

NGX Industrial Index (0.00%) closed practically flat at 10,467.53 points, as large cement manufacturers Dangote Cement Plc and BUA Cement Plc closed unchanged.

What you should be aware of

Monday’s execution is an improvement from Friday’s marginal decline.

Monday’s trading remained extensive-based, together with investor sentiment closing on a beneficial observe, as offer breadth reflected 33 gainers against 24 losers.