Amaechi Raphael Chinedu
@Official_ARC·3h
Dangote Cement woke up a day late and pushed the NGX to a new record
Thursday's close: the All-Share Index rose 0.47% (+1,200.24 pts) to a record 254,083.02, undoing Wednesday's dip. Investors gained about ₦779.31bn, taking the market to an all-time high of ₦164.97trn, and the index is now up 63.28% this year.
Yesterday 
$DANGCEM shrugged off its record nine-month results and closed flat. Today it moved: up 5.82% to ₦1,420.00, a new 52-week high, and the most traded stock by value at about ₦5.23bn. As the market's biggest company, that one move lifted the Industrial Index 3.41%.
This morning we asked three questions. Here's how they played out:
1. First HoldCo did not find a floor. It fell the maximum 10% again, to ₦125.55, its second limit-down day in a row. That kept the Banking Index down 2.10%.
2. 
$SEPLAT held steady at ₦16,000.10 after its results and 19-cent dividend.
3. UBA mostly held on to its jump, closing at ₦42.90, down just 0.23%.
Breadth was close to even, with 27 stocks up and 26 down. Trading doubled in value to ₦57.36bn on about 654m shares, across 35,821 deals.
Top gainers: eTranzact (+10.00% to ₦17.60), Sovereign Trust Insurance (+9.60% to ₦2.17), FTG Insurance (+9.38% to ₦1.75). Top losers: First HoldCo (-10.00%), Livestock Feeds (-9.70% to ₦12.10), Tantalizers (-8.40% to ₦3.60).
Why it matters: the market doesn't always react to news on the day it lands. Sometimes it takes a session for investors to digest the numbers.
Want to see how today moved your own holdings? Add your portfolio on Gopexly and check it in your own numbers.
Not financial advice, just the close.
$DANGCEM shrugged off its record nine-month results and closed flat. Today it moved: up 5.82% to ₦1,420.00, a new 52-week high, and the most traded stock by value at about ₦5.23bn. As the market's biggest company, that one move lifted the Industrial Index 3.41%.
This morning we asked three questions. Here's how they played out:
1. First HoldCo did not find a floor. It fell the maximum 10% again, to ₦125.55, its second limit-down day in a row. That kept the Banking Index down 2.10%.
2. $SEPLAT held steady at ₦16,000.10 after its results and 19-cent dividend.
3. UBA mostly held on to its jump, closing at ₦42.90, down just 0.23%.
Breadth was close to even, with 27 stocks up and 26 down. Trading doubled in value to ₦57.36bn on about 654m shares, across 35,821 deals.
Top gainers: eTranzact (+10.00% to ₦17.60), Sovereign Trust Insurance (+9.60% to ₦2.17), FTG Insurance (+9.38% to ₦1.75). Top losers: First HoldCo (-10.00%), Livestock Feeds (-9.70% to ₦12.10), Tantalizers (-8.40% to ₦3.60).
Why it matters: the market doesn't always react to news on the day it lands. Sometimes it takes a session for investors to digest the numbers.
Want to see how today moved your own holdings? Add your portfolio on Gopexly and check it in your own numbers.
Not financial advice, just the close.0 views
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