Banking Investments/Capital Market Latest News

Equities Market Upbeat, As Investors Gain N118Bn W-o-W

The Nigerian equities market closed trading activities on a positive note on Friday due to price appreciation in GTCO, ZENITH, and others.

Consequently, the Nigerian Exchange Limited All Share Index (NGX ASI) and the Market Capitalization increased by 0.09%, while the Year-to-Date return stood at 11.36%.

The All Share Index closed at 47,569.04 against the previous close of 47,524.38 while Market Capitalization closed at ₦25.910 trillion against previous close of ₦25.885 trillion.

The Volume traded increased by 43.78% from 86.547 million to 124.435 million, while the total value of stock traded increased by 104.37% from ₦2.091 billion to ₦4.273 billion in 3,108 deals.

The Financial Services sector led the activity chart with 80.071 million shares exchanged for ₦1.012 billion. ICT came next with 16.254 million shares traded for ₦2.175 billion, Consumer Goods, Natural Resources, Conglomerates sectors followed in that order on the activity chart.

The most active stocks by volume were GTCO, FBNH, MULTIVERSE, MTNN AND ZENITHBANK  while HONYFLOUR, WAPIC, SOVRENINS, LIVESTOCK AND GTCO emerged the highest price gainers on the chart.

On the flip side, the losers were ACADEMY, CHAMS, REDSTAREX, NB AND FTNCOCOA

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