NGX sustains bullish rally with market capitalisation up N117bn

By Cynthia Ezekwe

The Nigerian Exchange (NGX) closed positive at the end of Wednesday’s trading session as the market capitalisation of equities increased by N117 billion to close at N32.302 trillion, compared to N32.185 trillion recorded in the previous trading session.

The All-Share Index (ASI) inched 0.36 per cent higher to close at 59,323.95 index points as against 59,110.02 index points recorded in the previous day’s trading session.

An aggregate of 643.03 million units of shares were exchanged in 7,806 deals valued at N6.11 billion.

Universal Insurance Plc was the most traded equity by volume as the trading volume increased by 9.2 per cent.

Market breadth closed positive as Afromedia Plc topped the gainers chart with a 10.00 per cent gain against other declines led by Jaizbank as it shed 10.00 per cent of its share price.

AFROMEDIA topped the gainers chart as it gained 10.00 per cent to close at N0.22 per share; ETRANZACT increased by 9.91 per cent to close at N5.88 per share;
FTNCOCOA appreciated 9.88 per cent to close at N1.78 per share; NEIMETH gained 9.88 per cent to close at N1.78 per share; while UNITYBNK increased by 9.76 per cent to close at N1.35 per share.

On the contrary, JAIZBANK led the losers table as it depreciated 10.00 per cent of its share price to close at N1.53 per share;
MEYER was down 9.88 per cent to close at N2.19 per share; IKEJAHOTEL she 9.86 per cent to close at N3.20 per share;
TANTALIZER lost 9.09 per cent to close at N0.20 per share; while CADBURY depreciated 9.04 per cent to close at N17.10 per share.

Admin