NGX closes bullish  as investors gain N199 billion

By Cynthia Ezekwe

Trading activities on the NIgerian Exchange (NGX) platform closed on a positive note on Thursday, with a gain of N199 billion in market capitalization.

The All Share Index (ASI) grew  by 0.73 per cent  to close at 50,300 points.

Meanwhile, an  aggregate of 490.4 million  units of shares were traded in 4,480 deals, valued at N7.74 billion .

The market breadth also  performed strongly as GEREGU led 37 gainers, against 9 losers  that recorded losses in their share prices, led by LIVESTOCK at the end of today’s session.

GEREGU topped the gainers chart with  10.00 per cent  to close at N139.70; NESTLE was  up  10.00 per cent  to close at N1100.00; MCNICHOLS gained  9.62 per cent  to close at N0.57; CWG appreciated by 9.52 per cent  to close at N0.92; while ROYALEX advanced by  9.35 per cent  to close at N1.17.

On the contrary, LIVESTOCKn topped the losers chart as it shed 8.40 per cent  to close at N1.09; FBNH depreciated 6.36 per cent  to close at N11.05; VITAFOAM lost 5.92 per cent  to close at N20.65; UNILEVER shed  2.54 per cent  to close at N11.50; while FIDELITYBANK  lost 1.94 per cent  to close at N4.56.

GTCO led the top three by value, which totaled N922,553,157;  FBNH was valued at  N891,708,267; while GEREGU  was valued at N616,217,338.

 As of the close of the day’s trading, the stock market value stood at N27.3 trillion; and  advanced by 7583.56 basis points or 17.8% year-to-date.