Trading on the Nigerian Exchange (NGX) closed positive on Wednesday as bulls dominated the trading session with a slight improvement in the broad market performance.
The All-share Index (ASI) appreciated by 0.23% to close at 54,427.05 points just as the market’s capitalization grew by N69 billion to close at N29.644 trillion.
The local bourse’s Year-to-Date (YtD) returns settled at 5.48%. The stock market has advanced by 2,831.39 basis points since the opening of trading on January 4 this year
An analysis of the market’s indices reflected that the market breadth closed negative as TRIPPLEG led the 11 gainers’ table while the 23 losers’ table was topped by TRANSEXPR at the end of today’s session.
The data indicated that at the close of trading, the total volume of stocks traded was 151.5 million valued at N1.8i billion in 2,974 deals
The indices further showed that the top five ASI gainers were TRIPPLEG up + 9.52% to close at N1.15 ; INTENEGINS up + 9.40% to close at N1.28; JAPAULGOLD up + 3.45% to close at N0.30; MANSARD up + 2.50% to close at N2.05; and AFRIPRUD up + 2.46% to close at N6.25
On the flip side, the top five ASI losers include TRANSEXPR down – 9.76% to close at N0.74; TRANSCORP down – 7.35% to close at N1.26; COURTVILLE down – 6.00% to close at N0.47; PRESTIGE down – 4.76% to close at N0.40; and UPDCREIT down – 4.41% to close at N3.25
Also, the top three traded stocks by volume were UNIVINSURE – 20,035,608; TRANSCORP– 18,684,627; and GTCO – 17,028,872 while the top three traded stocks based on value was led by GTCO– N427,737,620; followed by AIRTELAFRI– N253,137,949; and MTNN– N182,656,131
