Airtel Africa Plc and MTNN Plc, two major quoted telecoms companies, enjoyed investors’ positive sentiments during today’s trading session as both ranked amongst the highest stocks traded in value.
Airtel Africa traded 937,909 units of shares today valued at N722.16 million as the share price rose by 1.32% from N760.00 per share to N770.00 per share.
Similarly, MTNN Plc traded a total of 2,666,379 units of shares which were valued at N453.43 million, taking the share price up 1.16% from N172.00 per share to N174 per share.
- El-Rufai inaugurates N2.7bn Kasuwan Magani Market
- NDE to give N4.2m loan to small scale business owners in Bauchi
- NEPC explains why Nigerian exports fail in international market
Market performance
The Nigerian Exchange market closed on a positive note amidst sell-offs and buy-interests as the benchmark All-Share Index (ASI) appreciated by 110 basis points.
The NGX ASI closed at 41,704.11 points, to reflect a growth of 1.10% from the previous trading day and a Year-to-Date (YTD) return of 3.56%. Meanwhile, the market capitalization increased by N237.13 billion.
At the close of market today, Thursday, 21st October 2021, the stock exchange market value currently stands at N21.76 trillion from N21.53 trillion in the previous trading day.
The market breadth closed positive as CUTIX led 23 Gainers, and 19 Losers topped by TIP at the end of today’s session.
The stock market has advanced 1,433.39 basepoints since the start of the year.
NGX ASI top gainers
- CUTIX +10.00% to close at N5.50
- NGXGROUP up +9.79% to close at N23.55
- CHIPLC up +9.09% to close at N0.60
- NB up +7.41% to close at N51.45
- BUACEMENT up +6.12% to close at N72.00
NGX ASI top losers
- TIP down –8.51% to close at N0.43
- NEIMETH down –4.86% to close at N1.76
- UNIVINSURE down –4.76% to close at N0.20
- NAHCO down –3.61% to close at N3.47
- UNITYBANK down –3.51% to close at N0.55
NGX ASI top traded by volume
- FBNH – 51,915,381 units
- ETI – 20,019,916 units
- TRANSCORP – 14,645,821 units
- ACCESS – 13,034,388 units
- FIDELITY – 12,480,690 units
NGX ASI top traded by value
- AIRTEL – N722,159,138.00
- FBNH – N628,328,003.80
- MTNN – N458,427,467.80
- NGXGROUP – N192,759,352.60
- ZENITHBANK – N153,745,124.85
Market sentiments trend towards the bulls with the market differential being in favour of the advancers as 23 gainers surpassed 19 losers. [Nairametrics]
