Airtel & 35 others led NSE to its biggest single daily gain in five months

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The Nigerian stock market today (Monday) extends its impressive run to eleventh successive sessions, as market capitalization value appreciated by N297.29 billion. Today’s gain which is the biggest single daily gain since May 5, 2020, was driven by price appreciation in AIRTEL AFRICA and 35 others. Consequently, market breadth closed positively with 36 gainers as against 10 losers.

In summary, the All-Share Index (ASI) increased by 586.79 absolute points, representing a growth of 2.11% to close at 27,554.56 points. Similarly, the overall Market Capitalization size gained N297.29 billion, representing an increase of 2.11% to close at N14.40 trillion.

GLAXOSMITH emerged top of the gainers’ chart, while TRIPPLEG tops the losers’ chart.

The upturn was impacted by gains recorded in large and medium capitalized stocks, amongst which are; GLAXOSMITH (+10.00%), REDSTAREX (+10.00%), AFRIPRUD (+9.47%), GUINNESS (+7.14%), FBNH (+6.73%), ACCESS (+5.97%), AIRTELAFRI (+5.32%), ZENITH (+5.26%), MTNN (+3.85%), PRESCO (+3.77%), and SEPLAT (+2.50%).

MARKET STATISTICS

CAP N14,402,320,827,843.58 One Day (ASI CHG) +2.11%
Index 27,554.56 One Week (ASI CHG) +3.95%
Volume 603,945,613.00 One Month (ASI CHG) +8.01%
Value N7,424,498,469.29 Six Months (ASI CHG) +30.46%
Deals 5,984.00 52 Weeks (ASI CHG) +1.73%
Gainers 36 Losers 10
Unchanged 56 Total 102
YTD +2.65%
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Source: NSEGTI Research

NASD OTC MARKET

The NASD OTC market today (Monday) closed negatively, as the Unlisted Securities Index (USI) declined by –1.02% to close at 726.93 points, from a prior closing position of 7334.39 points. Similarly, Market Capitalization value declined by N5.48 billion to close at N533.98 billion, representing a decline of –1.02% compared to the previous closing value.

However, while Traded volume increased by +126.92% (compared to prior closing position) to settle at 64,491, the Value of total trades fell by –49.75% to N3.87 million compared to that of last Friday in deals.

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GTI Research

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Airtel & 35 others led NSE to its biggest single daily gain in five months - Brand SpurAirtel & 35 others led NSE to its biggest single daily gain in five months - Brand Spur

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Airtel & 35 others led NSE to its biggest single daily gain in five months - Brand SpurAirtel & 35 others led NSE to its biggest single daily gain in five months - Brand Spur

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