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MTNN, SEPLAT, others improve NGX ASI by 0.55%

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The Nigerian Stock Exchange indices for Monday recorded a 0.55 per cent gain following the massive rally in shares of MTN Nigeria, SEPLAT and other major capitalised counters.

The All-Share Index climbed by 180.95 points to close at 33,059.67 from the 32,878.72 achieved on Thursday while market capitalisation gained N105 billion to finish at N19 trillion from N18.895 trillion posted previously.

All the sectorial indices closed positive on Monday with the exception of the Oil & Gas Index which depreciated by 0.15 per cent due largely to sell pressures in Oando Plc, Seplat Petroleum Development Company Plc and Eterna Oil & Gas Plc stocks, among others

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Consequently, the benchmark index, All Share Index rose by 213.39 basis points or 0.55 per cent from 38,505.61 basis points to close at 38,719.01 basis points

  • Basis points are a unit of measure in finance. They indicate the percentage change by one hundredth of 1%. For example, if the All Share Index rises from 38,505.61 basis points to 38,719.01 basis points, it has risen by 213.39 or 0.55% (0.0055).
  • The All Share Index is an index that aggregates all the share price movements on the Nigerian Stock Exchange (NSE) and indicates how well the stocks on the exchange are doing overall.
  • The index rose by 213.39 or 0.55% on Tuesday because of rally in shares of MTN Nigeria Communications Plc, Seplat Petroleum Development Company Plc, and others across sectors including Industrial Goods and Banking sectors

The stocks that led the rally include MTN Nigeria Communications, Seplat Petroleum Development Company, Zenith Bank, Unilever Nigeria and Nigerian Breweries.

Similarly, the market capitalisation grew by N72 billion from N13.035 trillion to N13.107 trillion.

However, the activity level was mixed as volume traded rose by 12.92 per cent as investors exchanged 296 million units valued at N3 billion in 4,841 deals.

Volume traded increased by 12.92% relative to the previous day’s figure of 262.819 million units while value traded rose by 855 per cent from N321.821 million to N3 billion in 4,841 deals compared to 4,010 deals recorded previously.

Stocks Traded

 

A total number of 27 equities appreciated in price during the week lower than 31 equities in the previous week while 21 equities depreciated in price higher than 18 equities of the previous week; and 109 equities remained unchanged higher than 108 equities recorded in the preceding week while a total number of 157 stocks were actively traded during the week compared to 158 stocks at close of business last week.

The most traded stocks by volume were Transcorp (70 million units), FBNH (34 million units) and Zenith Bank (32 million units).

The market opened for trading on Wednesday with the Nigerian Stock Exchange All-Share Index (NGX ASI) appreciating by 0.55 per cent to 42,955.72 points from its previous close of 42,717.32 points.

Also, the Equity Capital (Value N’bn) surged by 5.11 per cent to N20.10 trillion from its previous close of N19.15 trillion as investors gained N0.95 trillion in value in one day’s trade activity at the Nigerian bourse today driven largely by a rally in MTNN shares which appreciated by 9.88 per cent to close at N170 apiece compared to Tuesday’s closing price of N154 per share while SEPLAT closed at N555 after gaining 7.77 per cent compared to Tuesday’s closing price of N515 apiece and nine others that also added more than 1 billion naira each to their market cap during today’s session of trading activities at the Nigeria Stock Exchange (NSE).

The positive performance recorded by these two stocks and other heavyweights helped push up the NGX ASI with a significant uptick in the Market capitalization from Tuesday’s figure of 20,124,512,401,660 naira to 20,120 454 083 822 naira ending today’s session representing an increase of 554 billion naira or 0.55%.

NLNG topped the gainers’ table after rising by 9.97 per cent to close at N8.70 while Royal Exchange Insurance followed with 8.33 percent to close at 35 kobo per share.

NLNG ended at N8.70 and gained a total of 9.97%, while Royal Exchange Insurance trailed with a gain of 8.33% to close at 35 kobo per share.

In the same vein, CHAMS trailed closely with 8.33 per cent to close at 24 kobo while Union Diagnostic increased 8 .27 per cent to close at 16 kobo per share.

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