Amaechi Raphael Chinedu
@Official_ARC·4h
More stocks fell than rose today, yet the NGX still closed at a record. Here's how
Friday's close: the All-Share Index edged up 0.09% (+216.47 pts) to a new record of 254,299.49. The market's total value crossed ₦165trn for the first time, ending at ₦165.11trn, and the index is up 63.42% this year.
But look under the hood and more stocks fell than rose. So how does the index still go up? Because it's weighted by company size. 
$MTNN rose 3.03% to ₦850.00, and with a market value of about ₦17.85trn, that one move outweighed a lot of small losers.
This morning we asked three questions. Here's how they played out:
1. The market didn't reward 
$NB's profit jump today. Nigerian Breweries slipped 2.37% to ₦72.00.
2. 
$DANGCEM held its new 52-week high, closing flat at ₦1,420.00.
3. Trading picked up sharply: nearly 1bn shares changed hands across 37,821 deals, up about 52% in volume from Thursday. First HoldCo was the most traded stock by far, even as it fell another 5.10% to ₦119.15.
Top gainers: Honeywell Flour Mills (+10.00% to ₦22.55), May & Baker (+10.00% to ₦41.80), Livestock Feeds (+9.92% to ₦13.30). Fidelity Bank also jumped 9.09% to ₦24.00. Top losers: Caverton (-10.00% to ₦3.60), LivingTrust Mortgage Bank (-9.94% to ₦2.90), Veritas Kapital (-9.91% to ₦1.00).
The week in one line: the Industrial Index climbed about 8.75% from Monday's level, while the Banking Index slid about 5.63%, falling every single day.
Why it matters: a record index doesn't mean most stocks had a good day. A few giants can carry the headline number, so it's worth checking how your own holdings actually moved.
Add your portfolio on Gopexly to see the week in your own numbers.
Not financial advice, just the close.
$MTNN rose 3.03% to ₦850.00, and with a market value of about ₦17.85trn, that one move outweighed a lot of small losers.
This morning we asked three questions. Here's how they played out:
1. The market didn't reward $NB's profit jump today. Nigerian Breweries slipped 2.37% to ₦72.00.
2. $DANGCEM held its new 52-week high, closing flat at ₦1,420.00.
3. Trading picked up sharply: nearly 1bn shares changed hands across 37,821 deals, up about 52% in volume from Thursday. First HoldCo was the most traded stock by far, even as it fell another 5.10% to ₦119.15.
Top gainers: Honeywell Flour Mills (+10.00% to ₦22.55), May & Baker (+10.00% to ₦41.80), Livestock Feeds (+9.92% to ₦13.30). Fidelity Bank also jumped 9.09% to ₦24.00. Top losers: Caverton (-10.00% to ₦3.60), LivingTrust Mortgage Bank (-9.94% to ₦2.90), Veritas Kapital (-9.91% to ₦1.00).
The week in one line: the Industrial Index climbed about 8.75% from Monday's level, while the Banking Index slid about 5.63%, falling every single day.
Why it matters: a record index doesn't mean most stocks had a good day. A few giants can carry the headline number, so it's worth checking how your own holdings actually moved.
Add your portfolio on Gopexly to see the week in your own numbers.
Not financial advice, just the close.0 views
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