Nigeria’s Equities Market Upswing, As Investors Gain N192Bn

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The Nigerian Exchange (NGX) closed positive at the end of Tuesday’s trading session characterized by buy-interests and sell-offs among investors as bulls regain hold on the local bourse, resulting in N192 billion gain for investors.

While the All-share Index (ASI) appreciated by 0.67% to close at 52,701.31 points, the Market Capitalization grew by N192 billion to close at N28.704 trillion while the Year-to-Date (Y-t-D) returns increased by 2.14%.

Since the opening of the bourse for trading this year, it has grown by 1105.65 basis points.

The market breadth closed positive as UPDCREIT led 21 gainers just as UPDC led the 15 losers’ table at the end of today’s session.

Overall, the traded volume in the market totaled  228.4 million with a value of N4.44 billion recorded in 3,681 deals.

According to information from the market’s supervisory moderator, the NGX Limited, the top 5 ASI gainers at the end of Tuesday’s trading session were UPDCREIT up + 10.00% to close at N3.30; MRS up  + 9.93% to close at N15.50; CHELLARAM up + 9.92% to close at N1.33; SUNUASSUR up + 8.82% to close at N0.37; MCNICHOLS up + 7.02% to close at N0.61

Conversely, the top 5 ASI losers as reflected on the trading chart were UPDC down – 6.93% to close at N 0.94; GEREGU down – 6.71% to close at N139.00; LINKASSURE down – 6.38% to close at N0.44; ROYALEX down – 5.26% to close at N0.90; and PZ  down – 5.21% to close at N10.00

The top 3 traded stocks by volume comprised STERLNBANK – 76,738,683; CHAMS – 17,567,533 and GTCO – 16,754,496 while the top 3 by value during the session were GEREGU -N1,426,759,562;  AIRTELAFRI – N1,142,777,193; and GTCO – N401,981,250

 

 

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