NSE Triggered “Circuit Breaker” Clause to Accommodate Daily-Single-Biggest Rally on Domestic Bourse

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NSE Triggered “Circuit Breaker” Clause to Accommodate Brandspurng Daily-Single-Biggest Rally on Domestic Bourse

Bullish momentum on the domestic bourse reached a new high today (Thursday), as the NSE resolved to trigger the “Circuit Breaker” clause (for the first time since developed) to accommodate the record-breaking daily-single-biggest rise of 6.23% in the All-Share Index (ASI).

The Circuit Breaker clause introduced by the NSE in 2016 was developed to halt trading activities for 30 minutes (to enable the operator to establish market fairness or otherwise), once the ASI increase/decrease reached a threshold of 5%.

NSE Triggered “Circuit Breaker” Clause to Accommodate Brandspurng Daily-Single-Biggest Rally on Domestic Bourse

Consequently, market breadth printed strongly at 8.01x, recording 65 gainers as against 08 losers.

In summary, the All-Share Index (ASI) gained 2,074.10 absolute points, representing an increase of 6.23% to close at 35,342.46 points. Similarly, the overall Market Capitalization value also gained N1.083 trillion, representing an increase of 6.23% to close at N18.467 trillion.

BUACEMENT, CADBURY, CILEASING, CUTIX, JBERGER, NNFM, PRESCO, STERLNBANK, and AIRTELAFRI all emerged joint-top-gainers for today with a maximum gain of 10% each, while GSPECPLC emerged top of the losers’ chart with a -9.89% price depreciation.

Other notable gainers today are; ZENITHBANK (+9.96%), NEIMETH (+9.92%), CUSTODIAN (+9.82%), TRNASCORP (+9.82%), ETI (+9.77%), DANGSUGAR (+9.77%) UNILEVER (+9.76%), HONYFLOUR (+9.35%), FBNH (+9.09%), DANGCEM (+8.11%), and FLOURMILLS (+6.11%).

MARKET STATISTICS

CAPN18,467,501,178,456.34One Day (ASI CHG)+6.23%
Index35,342.46One Week (ASI CHG)+14.98%
Volume1,192,804,641.00One Month (ASI CHG)+24.69%
ValueN17,395,925,115.15Six Months (ASI CHG)+49.15%
Deals10,704.0052 Weeks (ASI CHG)+33.59%
Gainers65Losers08
Unchanged49Total104
YTD Returns+31.67%

Source: NSEGTI Research

Sector Performance

Sector%    Change
NSE30+6.09
BANKING+7.94
CONSUMER GOODS+6.12
INDUSTRIAL+8.65
INSURANCE+4.78
LOTUS ISLAMIC+5.36
OIL/GAS+1.98

 

Top 7 Traders By Volume

CompanyVolumeValue (₦)  Closing Price (₦)
ZENITHBANK  161,383,290.00  4,462,744,025.8028.15
FBNH  121,494,561.00  1,006,806,070.158.4
ACCESS  100,847,642.00     992,773,346.6010
UBA    80,454,340.00     770,426,850.809.75
FIDELITYBK    79,500,091.00     239,481,350.003.07
TRANSCORP    76,518,261.00       93,914,713.871.23

 

Top 7 Traders By Value

CompanyVolumeValue (₦)  Closing Price (₦)
ZENITHBANK  161,383,290.00  4,462,744,025.8028.15
MTNN    17,006,283.00  2,742,940,882.00162
GUARANTY    49,671,100.00  1,845,034,185.2538.2
FBNH  121,494,561.00  1,006,806,070.158.4
ACCESS  100,847,642.00     992,773,346.6010
UBA    80,454,340.00     770,426,850.809.75

 

NASD OTC MARKET

Trading activities on the NASD OTC counter today (Thursday) closed positively, as the USI and the Market Capitalization Value gained 0.86% to close at 725.56 absolute points and N532.97 billion respectively, compared to yesterday’s position of 719.40 absolute points and N528.44 billion.

However, the Volume and Value of transactions today fell by 90.82% and 95.95% respectively compared to yesterday’s position to print at 7,202 units and N1.008 million in 2 deals.