NGX maintains bullish uptick with market capitalisation up N6bn
June 2, 2023400 views0 comments
By Cynthia Ezekwe
The Nigerian Exchange (NGX) platform closed the week’s trading activities on a bullish note on Friday as market capitalisation of equities advanced by N6 billion to close at N30.394 trillion, compared to the N30.388 trillion recorded in the previous trading session.
The All-Share Index (ASI) inched 0.02 per cent higher to close at 55,820.50 index points as against 55,808.25 index points recorded in the previous day’s trading session.
An aggregate of 455.76 million units of shares were exchanged in 7,457 deals valued at N6.12 billion, while FBN HOLDINGS Plc was the most traded equity by volume as it accounted for 102,748,291 units of shares at the end of today’s session.
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Market breadth closed positive as STANBIC IBTC Plc led the gainers chart as it grew by 10.00 per cent; while FTNCOCOA topped the losers table as it declined by 9.59 per cent.
STANBIC topped the gainers chart as it gained 10.00 per cent of its share prices to close at N44.00 per share;MRS advanced by 9.92 per cent to close at N49.30 per share; CONOIL grew by 9.73 per cent to close at N69.90 per share; ETERNA appreciated 9.47 per cent to close at N9.25 per share; while PZ gained 8.82 per cent to close at N18.50 per share.
On the contrary, FTNCOCOA led the losers equity table as it depreciated 9.59 per cent to close at N0.66 per share; UPDC was down 8.93 per cent to close at N1.02 per share; CHAMS depreciated 8.89 per cent to close at N0.41 per share; MBENEFIT shed 7.69 per cent to close at N0.36 per share; while STERLING declined by 7.56 per cent to close at N2.08 per share.