PZ, Unilever rally gains on the stock market as investors react to earnings results

PZ Plc and Unilever Nig Plc, two major conglomerates, enjoyed investors’ positive sentiments during the trading session as both led gainers for the day, recording growth in share prices. The buy-interests in both companies could have been influenced by the recently disclosed earnings.

PZ Cussons Nig Plc traded 4,641,479 units of shares today valued at N29.56 million as the share price rose by 9.32% from N5.90 per share to N6.45 per share.

In the same vein, Unilever Nig Plc traded a total of 1,039,469 units of shares which were valued at N15.84 million, taking the share price up 6.90% from N14.50 per share to N15.50 per share.

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 19 basis points.

The NGX ASI closed at 41,814.74 points, to reflect a growth of 0.19% from the previous trading day and a Year-to-Date (YTD) return of 3.83%. Meanwhile, the market capitalization increased by N26.86 billion.

At the close of market today, Monday, 25th October 2021, the stock exchange market value currently stands at N21.82 trillion from N21.79 trillion in the previous trading day.

The market breadth closed positive as PZ led 28 Gainers, and 20 Losers topped by ABBEYBDS at the end of today’s session.

The stock market has advanced 1,544.02 base points since the start of the year.

NGX ASI Top gainers

  • PZ +9.32% to close at N6.45
  • MBENEFIT up +7.14% to close at N0.30
  • UNILEVER up +6.90% to close at N15.50
  • MANSARD up +6.49% to close at N2.46
  • CUTIX up +5.79% to close at N6.40

NGX ASI Top losers

  • ABBEYBDS down –9.47% to close at N0.86
  • PRESTIGE down –8.51% to close at N0.43
  • REGALINS down –7.32% to close at N0.38
  • CILEASING down –6.38% to close at N4.40
  • NGXGROUP down –6.36% to close at N20.60

NGX ASI Top Traded by Volume

  • FBNH – 350,541,622 units
  • ETI – 45,642,660 units
  • TRANSCORP – 33,914,599 units
  • ACCESS – 32,576,994 units
  • FIDELITY – 21,476,241 units

NGX ASI Top Traded by Value

  • AIRTEL –                N4,345,726,068.70
  • FBNH –                  N614,370,055.60
  • MTNN –                N347,799,322.85
  • NGXGROUP –              N266,248,274.00
  • ZENITHBANK –      N251,700,667.40

Market sentiments trend towards the bulls with the market differential being in favour of the advancers as 28 gainers surpass 20 losers.

Source: NairaMetrics

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