After two consecutive daily runs by First Bank shares, the tier-1 bank once again rallies, gaining positive sentiments from investors to trade over 600 million units of shares valued at N7.11 billion maintaining the highest traded shares, in volume and value, on the exchange after today’s trading session.

The buy-interests in the shares of the bank drove the price higher by 7.31% from the previous day’s closing price of N10.95, to close the day at N11.75, although the shares traded at N12.00 during the trading session.

Week-on-Week, however, the shares of the bank have gained approximately 20% in price from N9.80 last week Friday to N11.75 today.

Market performance

The Nigerian Exchange market closed on a positive note amidst sell-offs and buy-interests as the benchmark All-Share Index (ASI) appreciated by 19 basis points. We saw the bulls dominate the bears in today’s trading session as market breadth indicated a positive mood.

The NGX ASI closed at 41,129.98 points, to reflect a growth of 0.19% from the previous trading day and a Year-to-Date (YTD) return of 2.13%. Meanwhile, the market capitalization increased by N41.06 billion.

At the close of market today, Thursday, 14th October 2021, the stock exchange market value currently stands at N21.43 trillion from N21.39 trillion in the previous trading day.

The market breadth closed positive as CHAMPION led 21 Gainers, and 14 Losers topped by LEARNAFRICA at the end of today’s session.

The stock market has advanced 859.26 basepoints since the start of the year.

NGX ASI Top gainers

CHAMPION up +9.71% to close at N3.05
AFRIPRUD up +7.81% to close at N6.90
FBNH up +7.31% to close at N11.75
UNIVINSURE up +4.76% to close at N0.22
CHAMS up +4.35% to close at N0.24

NGX ASI Top losers

LEARNAFRI down –10.00% to close at N1.26
ETI down –8.16% to close at N6.75
WAPIC down –6.00% to close at N0.47
LINKASSU down –5.00% to close at N0.57
NEM down –4.46% to close at N1.93

NGX ASI Top Traded by Volume  

FBNH – 602,768,564 units
GTCO – 63,749,288 units
CHAMPION – 37,684,373 units
UNIVINSURE – 21,909,509 units
UBA – 21,174,295 units

NGX ASI Top Traded by Value

FBNH – N7,111,934,085.65
GTCO –  N1,811,033,414.35
SEPLAT –  N655,129,684.70
ZENITHBANK – N242,775,430.25
UBA – N176,701,388.65

Market sentiments trend towards the bulls with the market differential being in favour of the advancers as 21 gainers surpass 14 losers.