Stock Market Rises As Investors Gain N107 Billion


On Wednesday, the Nigerian Exchange Limited recovered as investors made N107 Billion. On Tuesday, the market experienced a loss of around N1 Billion.

The market capitalization and All-Share Index (ASI) both increased by 0.35 percent to 55,801.14 and N30.397 Trillion, respectively.

The ASI has advanced 4,205.48 points since the start of the year; and the year’s total returns had reached 8.15 percent.

Volume-wise, 3,293 deals totaling 152,742,743 million shares for a value of N3.572 Billion were executed on the exchange’s trading floor.

The market’s performance was unchanged as 18 stocks saw their share prices rise while 18 other stocks saw their value decline.

Leading the gainers were Trans Nationwide Express plc, Cutix, and FTN Cocoa; closing the market at N0.89, N2.17, and N0.28 per share, respectively, with gains of 9.88%, 8.50%, and 7.69%.

MRS, which dropped 9.98% of its value to close at N27.95, ABC Trans, which lost 7.89% to close at N0.35, and Chams, which fell 7.41% to close at N0.25, all lead the losers’ table at the close of trade.

On the NGX’s most active chart on Wednesday, the Financial Services sector continued to rule with 6,261,268 million shares of Zenith Bank worth N162.465 million changing hands in 249 transactions. GTCO came in second with 12,749,020 valued at tN335,933 million transacted in 227 transactions.

At the close of trading, MTN Nigeria shares were the third-most actively traded stock on the NGX, with 598,909 shares worth N148.903m having been transferred in 189 transactions.

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