SEPLAT and NESTLE Shine: NGX Bounces Back with a 0.37% Gain

Market sentiments soared today, driving the All-Share Index of the NGX up by 0.37% to close at 71,283.34 points. In a bullish spree, certain blue-chip stocks experienced substantial gains, resulting in a total market capitalization appreciation of N126 billion, reaching N39.001 trillion. Notably, despite a negative market breadth where 39 stocks closed in the red compared to 21 in the green, robust gains from key players like NESTLE with a 9.52% surge and SEPLAT with a 10.00% gain offset the losses.

The traded volume witnessed a dip, standing at 360.601 million units, a decline from yesterday’s 534.619 million units. However, the market’s overall value saw an uptick, reaching N6.61 billion compared to yesterday’s N5.62 billion.

**Market Indices Overview:**
– NGX All-Share Index: 71,283.34 points
– % Day Change: +0.37%
– Day’s Lowest: 71,005.37 points
– Day’s Highest: 71,360.17 points
– % YTD: +39.01%
– Market Cap: N39.00 trillion
– Volume Traded: 360.60 million
– Value: N6.61 billion
– Deals: 6,579

**Top Gainers:**
1. SEPLAT: +10.00% to close at N2310.10
2. MEYER: +9.79% to close at N3.59
3. SUNUASSUR: +9.56% to close at N1.49
4. NESTLE: +9.52% to close at N1150.00
5. CONHALLPLC: +9.24% to close at N1.30

**Top Losers:**
1. GUINEAINS: -10% to close at N0.27
2. Omatek: -9.88% to close at N0.73
3. ABBEYBDS: -9.68% to close at N1.68
4. NEIMETH: -9.45% to close at N1.82
5. TANTALIZER: -8.62% to close at N0.53

**Top Traded Stocks:**
In terms of volume, GTCO (-0.13%) led with 56.91 million units, followed by TRANSCORP (+1.34%) with 27.38 million units, UBA (-0.23%) with 21.45 million units, NSLTECH (+9.09%) with 20.65 million units, and ACCESSCORP (-0.56%) with 15.91 million units.

Concerning trading value, GTCO also took the lead with N2.19 billion, trailed by MTNN (0.00) with N688.36 million, NESTLE (+9.52%) with N482.04 million, UBA (-0.23%) with N456.47 million, and SEPLAT (+10.00%) with N438.59 million.

**SWOOT and FUGAZ Update:**
Except for SEPLAT, which dominated the gainers chart, stocks worth over one trillion experienced a relatively quiet trading day. GTCO (-0.13%) and ZENITHBANK (-0.43%) faced price declines, while other SWOOT members recorded no change in price.

Tier-1 banks had a negative outing, with GTCO (-0.13%), ZENITHBANK (-0.43%), ACCESSCORP (-0.56%), UBA (-0.23%), and FBNH (-2.02%) all recording price declines.

This market update is brought to you by InfoStride News.