NGX sustains upward trend as investors gain N142b

By Cynthia Ezekwe

Trading activities on the Nigerian Exchange (NGX) maintaineda positive close from the previous day, as market capitalisation grew by N142 billion, to close at N29.139 trillion.

The All-Share Index (ASI) appreciated by 0.49 per cent to close at 53,499.68 points.

However,an aggregate of 200.3 million units of shares were traded at 3,716 deals, valued at N5.52 billion.

The market breadth closed flat as SEPLAT led 20 gainers, against 20 losers led by GUINNESS.

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SEPLAT grew by 10.00 per cent to close at N1210.00; IMG was up 10.00 per cent to close at N7.70; NNFM appreciated by 9.46% to close at N8.10; INTENEGINS increased by 9.33 per cent to close at N0.82; while NAHCO grew by 9.26 per cent to close at N8.85

On the other hand, GUINNESS led the losers chart, as it dropped 10.00 to close at N63.00; ARDOVA shed 9.95 per cent to close at N17.20; ACADEMY declined by 9.85 per cent to close at N1.19; RTBRISCOE depreciated by 9.68 per cent to close at N0.28; while CORNERST went down 8.33 per cent to close at N0.55.

At the end of the trading activities on Wednesday, the Year-to-Date (YtD) returns settled at 3.69 per cent, while the stock market advanced by 1,904.02 basis points.