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The Nigerian stock market, the NGX appreciated to its highest level in nearly a month as investors positioned for the much-anticipated return of FPIs.Â
The All-Share Index appreciated by 1.45%, representing a 1,479.60-point gain from yesterday’s 102,044.84 to close at 103,524.44 points, the highest ASI since the 105,722.28 points reached on February 16. Â
Equities gained N837 billion as the market capitalization surged to N58.534 trillion from yesterday’s N57.697 trillion. Leading the gainers was UBA, which gained 10.00%, followed by MTN Nigeria at 9.98%, and Access Holdings which gained 9.51%. Â
In terms of trading volume, there was a 29.5% uptick as 565.79 million units of shares were traded, in contrast with 436.90 million units traded yesterday. Â
In terms of market capitalization, there was a 16.8% decline as N14.2 billion worth of shares were traded as against N17.1 billion reported a day earlier. Â
Market IndicesÂ
- NGX All-Share Index: 103,524.44 points  Â
- % Day Change: +1.45%Â Â Â
- Day’s Lowest: 102,044.84 points  Â
- Day’s Highest: 103,524.44 points  Â
- % YTD: +38.45%Â Â Â
- Market Cap: N58.53 trillion  Â
- Volume Traded: 565.8 million units  Â
- Value Traded: N14.2 billionÂ
Top Gainers Â
- UBA: +10.00% to close at N25.30Â
- MTNN: +9.98% to close at N243.50Â
- JBERGER: +9.71% to close at N61.00Â
- ACCESSCORP: +9.51% to close at N22.45Â
- VERITASKAP: +9.38% to close at N0.70Â Â
- UNIVINSURE: +8.33% to close at N0.39Â
Top LosersÂ
- TANTALIZERS: -7.89% to close at N0.35Â Â
- NASCON: -6.77% to close N53.70Â Â
- MORISON: -6.62% to close at N1.41Â
- CILEASING: -6.45% to close at N3.48Â Â
- CUTIX: -6.30% to close at N2.53Â Â
- ELLAHLAKES: -5.78% to close at N3.10Â Â
Top Traded Stocks Â
TRANSCORP (-4.49%) led in terms of volume traded, with 170.72 million units, followed by ACCESSCORP (+9.51%) with 48.57 million units, GTCO (+2.63%) with 39.03 million units, JAIZBANK (-4.52%) with 36.78 million units, and UBA (+10.00%) with 31.96 million units. Â
Concerning value traded, TRANSPOWER (+2.44%) led with N3.51 billion, followed by TRANSCORP (-4.49%) with N3.13 billion, GTCO (+2.63%) with N1.66 billion, ACCESSCORP (+9.51%) with N1.06 billion, UBA (+10.00%) with N796.24 million. Â
SWOOT and FUGAZ Update Â
Tier-1 banks also recorded a positive trading sentiment, as ACCESSCORP (+9.51%) and UBA (+10.00%) recorded substantial price gains, alongside FBNH, ZENITHBANK, and GTCO. Â