Insurance companies lead gainers as market capitalization grows by N16.60 billion

At the end of Friday’s trading session, the Nigerian Exchange market closed positive amidst sell-offs and buy-interests as the benchmark All-Share Index (ASI) appreciated by 8 basis points, while the market capitalization increased by N16.60 billion.

The NGX ASI closed at 38,943.87 points, to reflect a gain of 0.08% from the previous trading day.

At the close of market on Friday, 17th September 2021, the stock exchange market value stood at N20.29 trillion from N20.27 trillion in the previous trading day. Its Year-to-Date (YTD) return settled at –3.29%.

The market breadth closed positive as CHIPLC led 18 Gainers, and 9 Losers topped by IKEJAHOTEL at the end of the session.

The stock market has declined –1,326.85 basepoints since the start of the year.

NGX ASI top gainers

CHIPLC up +8.33% to close at N0.52
REGALINS up +7.14% to close at N0.45
PRESTIGE up +6.82% to close at N0.47
UCAP up +6.59% to close at N8.90
SOVRENINS up +4.00% to close at N0.26

NGX ASI top losers

IKEJAHOTEL down –6.56% to close at N1.14
OKOMUOIL down –5.45% to close at N104.00
UNITYBANK down –3.51% to close at N0.55
COURTVILLE down –3.33% to close at N0.29
WAPCO down –2.27% to close at N21.50

NGX ASI top traded by volume

UNIVINSURE – 19,076,700 units
UBA – 11,058,352 units
WAPCO – 10,232,918 units
ZENITHBANK – 9,951,441 units
UCAP – 9,821,158 units

NGX ASI top traded by value

FLOURMILL – N266,445,149.60
MTNN – N237,149,550.80
ZENITHBANK – N235,600,707.25
NESTLE – N222,456,532.20
WAPCO – N220,204,331.55

Market sentiments trend towards the bulls with the market differential being in favour of the advancers as 9 losers were surpassed by 18 gainers.