NGX Market Capitalization Gained N85 Billion at the Close of Thursday Trading Session

The Nigerian Exchange Limited investors gained 41.47% returns as the All-Share Index finished yesterday at 72,455.83 basis points from 27,915 basis points it opened for trading at the beginning of the year. 

The stock market was bullish as the NGX ASI gained 156.04 points, representing a 0.22% increase, to close at 72,455.83 points on investors' buying interest in United Capital Plc and 25 others.

Market capitalization increased by N85 billion yesterday to close at N36.649 trillion.

In the analysis of sectoral performance, the NGX Banking Index increased by 1.9%, while the NGX Insurance Index fell by 1.9%. As a result, the NGX Industrial Goods, NGX Consumer Goods, and NGX Oil & Gas indices finished flat.

From yesterday's trading, market breadth and sentiment were slightly negative, as 26 stocks gained while 27 stocks lost. 

Top Gainers: Infinity Trust Mortgage Bank emerged with the highest price gain of 9.83% to close at N2.57, and John Holt gained 9.73% to close at N2.03 per share. Ikeja Hotels rose by 9.20% to close at N4.75, while DAAR Communications and eTranzact International appreciated by 7.69% each to close at 42 kobo and N7.00, respectively, per share.  

Top Losers: R.T. Briscoe Nigeria led with 9.84% to close at 55 kobo per share, UPDC Real Estate Investment Trust declined by 9.78% to close at N4.15, while Mutual Benefits Assurance shed 9.43% to close at 48 kobo, per share. Omatek Ventures followed with a decline of 7.79% to close at 71 kobo, while Sovereign Trust Insurance depreciated by 7.69% to close at 36 kobo per share.

The total volume traded rose by 3.09% to 446.583 million units, valued at N7.256 billion, and exchanged in 6,845 deals. Transactions in the shares of Access Holdings led with 77.255 million shares worth N1.756 billion. FCMB Group followed with an account of 45.235 million shares valued at N318.609 million, while Zenith Bank traded 37.290 million shares valued at N1.380 billion.

UBA traded 29.301 million shares worth N724.064 million, while Fidelity Bank traded 27.512 million shares worth N257.281 million.

On Wednesday, the Nigeria Stock Exchange All-Share Index increased by 0.55%, and the benchmark index rose to 72,299.79 points; this is the first time in history that the benchmark index has crossed 72,000 basis points. Also, investors gained a total of N215 Billion at the close of trade for that day.