NGX Closes Positive, As Investors Gain N18Bn

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The Nigerian Exchange (NGX) closed positive for the second consecutive trading session on Tuesday amidst buy-interests and sell-offs trading session dominated by bulls, thereby driving up the broad market performance.

Available report from the Nigerian Exchange Limited (NGX) on the trading session showed that at the close of the day’s trading, the All-Share Index (ASI) appreciated by 0.07% to close at 51,178.41 points while the market capitalization grew by N18 billion to close at N27,870 trillion.

Also, the equities market’s Year-to-Date (YtD) returns settled at 0.80%, reflecting its advancement by 417.25 basis points since the start of trading on 4th January this year.

According to the NGX report, the market breadth closed flat as TRANSCORP led the 25 gainers’ table while , FTNCOCOA topped the 8 losers’ table at the end of today’s session.

The market’s indices also showed that the volume of stocks traded totaled 1.27 million valued at N3.97 billion in  3,505 deals.

The NGX data indicated that the five top ASI gainers comprised TRANSCORP up + 9.85% to close at N2.23; INTBREW up + 6.74% to close at N4.75;  ACADEMY up + 6.56% to close at N1.30; LIVESTOCK up + 4.26% to close at N0.98; and RTBRISCOE up + 4.17% to close at N0.25

The data listed the five top ASI losers as FTNCOCOA down – 3.85% to close at N0.25; PRESTIGE down – 2.50% to close at N0.39; NB down –50% to close at N36.20; WAPCO down – 1.47% to close at N23.40; and AFRIPRUD down – 0.92% to close at N5.40.

The NGX report on the trading session further reflected that the top three traded stocks by volume include TRANSCORP – 83,722,116; FIDELITYBK – 19,515,214; and ZENITHBANK – 16,484,813 while the top three by value were GTCO – N379,994,564; ZENITHBANK -N359,074,084; and TRANSCORP– N186,700,318

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