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First Bank Leads Gainers as NGX ASI rises by 0.17%.

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BREAKING: FBNH is now the leading Banking stock in Nigeria, Surpassing GTCO.
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Wema Bank Alat

First Bank leads gainers as NGX ASI rises by 0.17%.

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Positive market sentiment was driven today by banking stocks, with FBNH leading the gainers chart with a 10% increase.

The market capitalization decreased by N132 billion to N39.04 billion, according to NewsReport, but the All-Share Index increased by 0.17% to close at 71,353.81 points.

There was an uptick in the volume of trade in the market, as 746.67 million units were traded compared to 582.77 million units last Friday. There was also an uptick in the value of trade to N5.945 billion compared to last Friday’s N4.27 billion.

Market Indices  Here are the market indices for today’s trading session.
NGX All-Share Index: 71,353.81 pointsDay Change: +0.17%Day’s Lowest: 70,810.51 pointsDay’s Highest: 71,566.58 points% YTD: +39.22%Market Cap: N39.04 trillionVolume traded: 746.67 millionValue: N5.95 billionDeals: 9,267

Top Gainers   JOHNHOLT: +10.00% to close at N1.87
FBNH: +10.00% to close at N22.00
TANTALIZER: +10.00% to close at N0.55
MULTIVERSE: +9.98% to close at N6.39
SUNUASSUR: +9.73% to close at N1.24

Top Losers ETRANZACT: -9.46% to close at N6.70
UNITYBNK: -9.24% to close at N1.67
OMATEK: -9.09% to close at N0.90
RTBRISCOE: -8.96% to close at N0.61
GUINEAINS: -5.88% to close at N0.32

Top Traded Stocks
In terms of volume traded, UNIVINSURE (+3.57%) led with 168.098 million units, followed by ACCESSCORP (+4.32%) with 81.5 million units, UNITYBNK (-9.24%) with 67.7 million units, VERITASKAP (+5.41%) with 45.9 million units, and TRANSCORP (+4.50%) with 44.5 million units.

In terms of value, ACCESSCORP (+4.32%) led with N1.47 billion, followed by UBA (+1.44%) with N646.2 million, ZENITHBANK (+1.73%) with N453.4 million, FIDELITYBK (-1.11%) with N394.1 million, and MTNN (0.00) with N328.8 million.

SWOOTs and FUGAZ UpdateTrading was relatively flat for the stocks worth over one trillion, as BUAFOODS (-1.92%) and GTCO (-0.39%) recorded a price decline, while ZENITHBANK (+1.73%) recorded a price gain. BUACEMENT, AIRTELAFRI, MTNN, SEPLAT, and DANGCEM recorded no price changes.

After the announcement of a possible recapitalization exercise, Tier-1 banks also recorded positive sentiments in the market, as ZENITHBANK (+1.73%), UBA (+1.44%), ACCESSCORP (+4.32%), and FBNH (+0.00%) recorded price gains while only GTCO (-0.39%) recorded a price decline.

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