WAPCO and FBNH hold reins to dominate winners by value as market cap increases by 40.42 billion naira – Nairametrics

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The Nigerian forex market closed on a positive note amid massive selling and buying interest, as the benchmark All-Share (ASI) rose 18 basis points.

The NGX ASI closed at 42,038.60 points, reflecting a growth of 0.18% from the previous trading day and a cumulative return (YTD) of 4.39%. Meanwhile, the market capitalization increased by 40.42 billion naira.

As of the market close today, Friday, October 29, 2021, the stock market value currently stands at 21.94 trillion naira compared to 21.90 trillion naira on the previous trading day.

Market width closed positively as GUINNESS led 32 winners and 19 losers dominated by REGALINS at the end of today’s session.

The stock market has gained 1,767.88 basis points since the start of the year.

NGX ASI Top winners

  • GUINNESS + 10.00% to close at N36.30
  • CUSTODIAN up + 9.74% to close at N8.45
  • AIICO up + 9.73% to close at N1.24
  • UPL up + 9.60% to close at N2.17
  • WEMABANK up + 9.46% to close at 0.81 N

NGX ASI Top losers

  • REAGLINS down -9.76% to close at 0.37N
  • CWG down -9.60% to close at N1.13
  • SOVRENINS down -8.33% to close at 0.22 N
  • ROYALEX down –5.66% to close at 0.50 N
  • DANGSUGAR down –5.56% to close at 17.00 N

Most traded NGX UPS by volume

  • FBNH – 56,982,831 units
  • TRANSCORP – 27 940 291 units
  • WEMABANK – 23,534,316 units
  • AIICO – 21,787,454 units
  • WAPCO – 18,005,742 units

Most traded NGX ASI by value

  • FBNH – N645 122,971.20
  • WAPCO – N483 519 763.85
  • ZENITHBANK – N226 571 402.50
  • GTCO – N204 338 203.55
  • MTNN – N148 172 285.10

Market sentiment is trending towards the bulls, with the market differential favoring progressives, with 32 winners overtaking 19 losers.


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