Nigerian Markets Daily Market Snapshot – 12 Dec. 2023

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Monday, Dec. 11th, saw Nigerian stocks climb N70 billion in market capitalisation, reaching a total value of N39.2 trillion. This represents an increase from the N39.1 trillion recorded the previous Friday. 

 

The NGX All-Shares Index (NGX ASI) and NGX Premium Index both experienced gains, rising +0.18% and +0.19%, respectively. However, the NGX Growth Board Index bucked the trend, declining by -5.51% as investors continued to take profit. 

 

Key Takeaways

  • NGX All-Shares Index Drivers: The positive performance of large-cap stocks, known as "Stocks Worth Over One Trillion" (SWOOTs), was the primary driver of the NGX ASI's gain. MTNN gained +0.59%ZENITHBANK +1.43%GTCO +0.38%, and BUACEMENT +0.52%
  • Volume Giants: In terms of traded volume, Verita Kapital Assurance (VERITASKAP) emerged at the top with 88.84 million units, experiencing a +2.86% increase for the day. Universal Insurance Plc. (UNIVINSURE) followed closely with 44.39 million units traded and a +3.57% gain.

 

Major Indices

 

Index

Last Close 

1-Day Change

NGX All Shares Index

71,669.91

+0.18%

NGX Growth Board Index 

6,270.87

-5.51%

 NGX Premium Board Index

6,859.25

+0.19%

NGX Oil and Gas 

1,041.14

+0.00%

NGX Banking

815.31

+1.59%

 

 

 

 

 

 

Top Gainers

Company 

Ticker

Last Close 

 1-Day Change

SFS Real Estate Investment Trust

SFSREIT

₦101.35

+9.98%

Ecobank Transnational Inc. 

ETI

₦22.80

+9.88%

Golden Guinea Brew Plc. 

GOLDBREW

₦3.15

+9.84%

 

 

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