Sunday, January 16

Tier-1 banks shares support bullish movement as NGX market cap improves

FBNH Plc and Zenith Bank Plc’s investors rallied shares of the Tier-1 banks during the day’s trading session gaining 2.59% and 3.87%, respectively in share prices.

FBNH Plc started the day at N11.60 and closed at N11.90 per share while Zenith Bank started the day at N24.55 to close at N25.50 per share.

The NGX ASI closed at 41,882.97 points, to reflect a growth of 0.47% from the previous trading day and a Year-to-Date (YTD) return of 4.00%. Meanwhile, the market capitalization increased by N103.18 billion.

At the close of the market today, Friday 10th December 2021, the stock exchange market value currently stands at N21.85 trillion from N21.75 trillion in the previous trading day.

The market breadth closed positive as MEYER led 24 gainers, and 13 Losers topped by UNITYBANK at the end of today’s session.

The stock market has advanced 1,612.25 base points since the start of the year.

NGX ASI Top gainers

  • MEYER up +10.00% to close at N0.33
  • SOVRENINS up +9.09% to close at N0.24
  • UPDCREIT up +8.64% to close at N4.40
  • GUINNESS up +6.85% to close at N39.00
  • CHAMPION up +6.27% to close at N2.71

NGX ASI Top losers

  • UNITYBANK down – 6.52% to close at N0.43
  • JAIZBANK down – 5.97% to close at N0.63
  • CUSTODIAN down – 5.33% to close at N7.10
  • COURTVILLE down – 5.13% to close at N0.37
  • CHAMS down – 4.76% to close at N0.20

NGX ASI Top Traded by Volume

  • CILEASING – 146,414,348 units
  • ACCESS – 55,842,719 units
  • FBNH – 35,346,020 units
  • FCMB – 35,295,301 units
  • UNITYBANK – 29,957,592 units

NGX ASI Top Traded by Value

  • CILEASING – N673,499,460.40
  • ACCESS – N510,963,838.75
  • FBNH – N415,071,357.40
  • ZENITHBANK – N331,172,172.30
  • NESTLE – N318,115,305.10

Market sentiments trend towards the bulls with the market differential being in favour of the advancers as 24 gainers surpassed 13 losers.