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

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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.

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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

CAP N18,467,501,178,456.34 One Day (ASI CHG) +6.23%
Index 35,342.46 One Week (ASI CHG) +14.98%
Volume 1,192,804,641.00 One Month (ASI CHG) +24.69%
Value N17,395,925,115.15 Six Months (ASI CHG) +49.15%
Deals 10,704.00 52 Weeks (ASI CHG) +33.59%
Gainers 65 Losers 08
Unchanged 49 Total 104
YTD Returns +31.67%
Read Also:  Dangote Cement, GTB, Zenith, 62 Others Declare N233B Profit In Q1

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

Company Volume Value (₦)   Closing Price (₦)
ZENITHBANK   161,383,290.00   4,462,744,025.80 28.15
FBNH   121,494,561.00   1,006,806,070.15 8.4
ACCESS   100,847,642.00      992,773,346.60 10
UBA     80,454,340.00      770,426,850.80 9.75
FIDELITYBK     79,500,091.00      239,481,350.00 3.07
TRANSCORP     76,518,261.00        93,914,713.87 1.23
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Top 7 Traders By Value

Company Volume Value (₦)   Closing Price (₦)
ZENITHBANK   161,383,290.00   4,462,744,025.80 28.15
MTNN     17,006,283.00   2,742,940,882.00 162
GUARANTY     49,671,100.00   1,845,034,185.25 38.2
FBNH   121,494,561.00   1,006,806,070.15 8.4
ACCESS   100,847,642.00      992,773,346.60 10
UBA     80,454,340.00      770,426,850.80 9.75
Read Also:  NSE to Host Industry Leaders at Financial Services Webinar

 

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.

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