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Investors Gain N53Bn, As Bulls Control Equities Market

Trading activities on the floor of the Nigerian Exchange (NGX) closed on Monday on a positive note with the market capitalization growing by N53 billion as bulls regained control of the bourse.

Available data from the market regulators on the day’s trading session showed that the All Share Index (ASI) increased by 0.20% to close at 49.316.29 points.

The market breadth closed positive with 14 gainers led by THOMASWY while PZ topped the 10 losers’ chart at the end of today’s session.

As of the close of the trading session, the stock market value stood at N26.9 trillion even as the Year-to-date (YTD) return advanced by 6,698.52 basis points or 15.6%.

A further analysis of the market’s indices reflected that the total volume of traded stocks stood at 76.74 million with the value totalling N1.32 billion from 3,262 deals.

The NGX top five ASI gainers comprised THOMASWY,  up + 8.77% to close at N 0.62; INTBREW, which gained + 5.81% to close at N4.55; PHARMDEKO, which was up + 5.00% to close at N2.10; LIVINGTRUST, up + 4.90% to close at N1.50; and FIDSON, which gained + 3.45% in share value to close at N9.30.

The top five losers were PZ, which was down – 7.26% to close at N11.50; CHAMS, dipped – 4.35% to close at N0.22; UPDCREIT, down – 3.33% to close at N2.90; FTNCOCOA, down – 3.23% to close at N0.30; and AFRIPRUD down – 2.73% to close at N5.35.

The trading indices also showed that the top three traded stocks by volume were GTCO – 16,606,348; UBA – 7,588,601; CHAMS– 4,152,010 while the top traded stocks by value include GTCO – N352,214,489; NESTLE – N187,676,431; and MTNN – N131,823,872

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