Nigerian Markets Daily Market Snapshot–12 Dec. 2023

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NG Markets open at 10:00 am (GMT+1)

Market Closing Performance for Tuesday, December 12th, 2023

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For the second day this week, the NGX All-Shares Index closed in bullish territory, ending the day with a +0.33% gain, closing at 71,907.26 points.

This positive performance translated to a N130 billion increase in market capitalisation, closing at N39.35 Trillion.

The NGX Premium Index also joined the rally, rising +0.78% thanks to strong gains from MTNN (+2.08%) and UBA (+2.65%). The NGX Growth Index remained unchanged. 

 

Key Takeaways

  • SWOOT Report (Stocks Worth Over One Trillion)MTNN (+2.08%) made significant gains, while ZENITHBANK (-0.14%) experienced a modest decline. Other members of the group (BUAFOODS, BUACEMENT, DANGCEM, and AIRTELAFRI) remained unchanged. 
  • Nigeria's Tier-1 Banks (FUGAZ)GTCO (+0.64%), ACCESSCORP (+0.99%), and UBA (+2.65%) also saw price increases. FBNH extended its bearish streak, closing with -1.07%, while ZENITHBANK also saw a slight dip of -0.14%. 
  • Volume GiantsJBERGER (-1.15%) led the pack in traded volume with 42.54 million units, followed by ZENITHBANK (-0.14%) with 22.99 million units, FCMB (+0.74%) with 22.86 million units, GTCO (+0.64%) with 21.59 million units, and ACCESSCORP (+0.99%) with 18.80 million units.

 

Nigerian Markets Major Indices

Index

Last Close 

1-Day Change

NGX All Shares Index

71,907.26

+0.33%

NGX Growth Board Index 

6,270.87

+0.00%

 NGX Premium Board Index

6,912.99

+0.78%

NGX Oil and Gas 

1,030.46

-1.03%

NGX Banking

820.81

+0.67%

 

   

 

 Top Gainers

Company 

Ticker

Last Close 

 1-Day Change

Tourist Company of Nigeria Plc. 

TOURIST

₦2.84

+9.86%

Morison Industries Plc. 

MORISON

₦2.55

+9.80%

Abbey Mortgage Bank Plc. 

ABBEYBDS

₦1.54

+9.74%

 

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