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MARKET PERFORMANCE REPORT FOR 2ND SEPTEMBER, 2022

2
Sep

The Market Capitalisation of the NGX Limited gained N85billion as the stock market wrapped up the week on a bullish note. The market direction was attributed to gains recorded in stocks such as FCMB, Stanbic IBTC, E-Tranzact and Transcorp.

Transactions on the floor of the Stock Exchange on Friday, closed on a positive as the All Share Index appreciated by 0.31% to settle at  50.045.83 points from the previous close of 49,889.88 points, bringing the year-to-date to 17.16%, the month-to-date to 0.42% and the week-to-date to 0.89% respectively.

Investors gained N85billion as market capitalisation appreciated by 0.31% to close at N26.994trillion from the previous close of N26.909trillion. An aggregate of 240.020 units of shares were traded in 3,435 deals valued at N2.677billion.

Market Breadth

The market breadth closed positive as 23 equities gained while 10 equities declined in their share prices.

Percentage Gainers

FCMB Plc led other gainers with 9.06% growth to close at N3.31 from the previous close of N3.20.
Stanbic IBTC, E-tranzact and Transcorp Plc amongst other gainers also grew their share prices by 6.45%, 6% and 4.76% respectively.

Percentage Losers

MCnichols Plc led other price decliners as it shed 9.46% off its share price to close at N0.67 from the previous close of N0.74.
RT Briscoe, Chams and Honeywell Flour Plc amongst other losers also shed their share prices by 8.57%, 7.14% and 4.53% respectively.

Volume Drivers

Sterling Bank Plc traded about 93.728million units of its shares in 52 deals, valued at N136.013million.

Fidelity Bank Plc traded about 28.774million units of its shares in 301 deals, valued at N97.099million.

Fidson Plc traded about 13.847million units of its shares in 24 deals, valued at N130.381million.

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