Nigerian Markets Daily Market Snapshot - Monday, January 9th, 2024

NGX All-Share Index Tops 80,000 Points.

For Monday's trading session, the NGX All-Share Index broke the 80,000 points mark after gaining +0.83% for the day, and it is positioned to continue this remarkable upward trajectory.

 

WAPCO (+9.67%), TRANSCORP (+9.79%), ZENITHBANK (+2.50%), GTCO (+3.53%), and UBA (+3.28%). The year-to-date return of the index rose to +7.43% (previously +6.54%) while investors gained N363.31 Billion bringing total market capitalisation to N43.96 trillion. Similarly, the NGX Premium Board Index also gained +0.85% to close at 7,729.49 points for the day.

 

Sectoral Performance:

The day was in green for all sector indices tracked. Driven by gains in companies like CORNERST (+10.00%), LASACO (+10.00%), and WAPIC (+9.86%), the NGX Insurance Index gained +6.28%, leading the pack as the top performing index.

 

In second, the NGX Banking Index gained +2.23%, after strong performances from tier-1 banks like GTCO (+3.53%), UBA (+3.28%), ACCESSCORP (+3.20%), and ZENITHBANK (+2.50%). Third place was held by the NGX Pension Index after a +1.67% gain on the day.

 

Nigerian Markets

Major Indices

Index

Last Close 

1-Day Change

NGX All Shares Index

80,328.57

+0.83%

NGX Growth Board Index 

5,894.45

-0.05%

 NGX Premium Board Index

7,729.49

+0.85%

NGX Oil and Gas Index

1,080.73

+0.59%

NGX Banking Index

1011.57

+2.23%

NGX Consumer Goods Index

1,172.12

+0.13%

NGX Insurance Index

390.01

+6.28%

NGX Pension Index

3,614.90

+1.67%

NGX Industrial Index

2,828.21

+0.67%

   

Top Gainers

Nigerian stocks that increased the most in price in the last trading day.

Company 

Ticker

Last Close 

 Volume

1-Day Change

Cornerstone Insurance Plc

CORNERST

₦1.87

5.636M

+10.00%

Cutix Plc.

CUTIX

₦2.75

3.675M

+10.00%

Jaiz Bank Plc.

JAIZBANK

₦2.53

30.351M

+10.00%

Julius Berger Plc.

JBERGER 

₦46.75

652.11K

+10.00%

Lasaco Assurance Plc. 

LASACO 

₦2.42

4.734M

+10.00%

   

Volume Giants

Nigerian stocks that saw the highest number of shares traded in the last trading day.

Company 

Ticker

Last Close 

Daily Volume 

1-Day Change

Transnational Corp. of Nig. Plc.

TRANSCORP

₦12.50

298.303M

+9.79%

FCMB Group Plc.

FCMB