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NGX Sustains Positive Trend, As Investors Gain N272Bn

The Nigerian Exchange (NGX) closed positive for the second consecutive day on Thursday amidst buy-interests and sell-offs by investors as bulls dominated proceedings, driving up the broad market’s index.

Available data from the market’s moderating institution showed that at the end of the trading session, the All-share Index (ASI) appreciated by 0.93% to close at 53,998.12 points.

Similarly, the data indicated that the market capitalization grew by N272 billion to close at N29.411 trillion even as the Year-to-Date (YtD) returns stood at 4.65%. So far, the market has advanced by 2402.46 basis points since the commencement of trading on January 4 the year.

A further analysis of the bourse’s performance reflected that the market breadth closed positive with MRS topping the 27 gainers’ table while the 12 losers’ chart was topped by SUNUASSUR at the end of day’s trading session.

At the close of trading, the total volume of stocks traded was N2.8 million valued at N8.06 billion in

At the end of Thursday’s trading session, the top five ASI gainers were MRS up + 10.00% to close at N17.60; NNFM up + 9.88% to close at N8.90; INTENEGINS up + 9.76% to close at N0.90;  SEPLAT up + 9.50% to close at N1325.00; and CORNERST up + 9.09% to close at N0.60

The market indices further reflected that the top five ASI losers include SUNUASSUR down – 8.11% to close at N0.34; MBENEFIT down – 7.69% to close at N0.36; LINKASSURE down – 6.25% to close at N0.45; VERITASKAP down – 4.76% to close at N0.20; and PZ down – 4.65% to close at N10.25

The market indices also reflected that the top three traded stocks by volume include, UNIVINSURE – 2,716,040,206; AIICO –13,996,108 and GTCO–13,930,685

Also the top three traded stocks based on value were, AIRTELAFRI – N3,492,638,343; GEREGU – N1,770,169,875; and SEPLAT – N587,894,001.

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