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Investors Gain N34Bn, As Bulls Sustain Hold On Equities Market

Trading on the floor of the Nigerian Exchange (NGX) was bullish on Wednesday with investors gaining N34 billion as bulls maintained their grip on the local bourse during the trading session.

The bourse’s All Share Index (ASI) also increased by 0.12% to close at 51,657.56 points just as the market breadth closed positive with NB leading 21 gainers while the 12 losers’ table was topped by CHAMPION.

At the end of the day’s trading session, the stock market value stood at N28.13 trillion, slightly higher than the N28.1 trillion it stood in the preceding day’s session

Data on the trading session indicated that the volume traded stood at 265.7 million at a value of N13.5 billion in N4,156 deals.

The data also showed that the top five ASI gainers were NB up + 10.00% to close at N45.10;  LIVINGTRUST 10.00up + % to close at N1.76; NAHCO up + 10.00% to close at N7.70; FCMB up + 9.97% to close at N3.86; and  FIDELITYBK up + 9.86% to close at N4.79

Conversely, the market’s five top ASI losers comprised CHAMPION down – 10.00% to close at N4.95; UNITYBNK down – 6.78% to close at N0.55; UBA down – 3.61% to close at N8.00; JAIZBANK down – 3.33% to close at N0.87; and  CHIPLC down – 2.99% to close at N0.65

Also, the top 3 traded stocks by volume were BUACEMENT – 101,653,798; TRANSCORP –  32,770,095; and  ACCESSCORP –  22,955,773 while the top 3 trade stocks by value include BUACEMENT – N9,851,327,558; AIRTELAFRI – N2,086,158,676; and GTCO – N284,427,875.

 

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