NGX sustains bullish run as ASI appreciates by 0.07%

The Nigerian Exchange Limited (NGX) saw a busy trading day with a large chunk of transactions on Thursday; however, the market stayed on its bullish course as the All-Share Index appreciated by 0.07% to hit 70,819.49 points.

The equities market gained N27.2 billion, bringing the market capitalization to N38.912 billion. In today’s market, 25 stocks recorded price appreciations while 24 recorded price declines.

Accordingly, there was a drop in the number of deals to 6,169 against the previous day’s 6,401. There was also a huge trading activity as the trading volume increased to 569.195 million units from yesterday’s 558.345 million units. There was a huge appreciation in trading value to N16.791 billion, up from yesterday’s N9.79 billion.

The top gainers who topped the chart on today’s trading UPDC: +9.91 per cent to close at N1.22, MECURE: +9.85 per cent to close at N3.57, SCOA: +9.73 per cent to close at N1.24 JAPAULGOLD: +9.58 per cent to close at N1.83 and UACN: +8.47 per cent to close at N16.00.

On the other hand, losers are VFDGROUP: -10.00 per cent to close at N184.50, MULTIVERSE: -9.37 per cent to close at N2.90, TIP: -9.35% to close at N0.97, REGALINS: -8.57 per cent to close at N0.32 and DAARCOMM: -8.33 per cent to close at N0.22.

In terms of volume, JAPAULGOLD (+9.58 per cent) led the chart with 113.964 million units, followed by STANBIC (-0.07 per cent) with 96.92 million units, UBA (+0.24 per cent) with 75.22 million units, FBNH (+3.36%) with 42.64 million units, and FIDELITYBK with 34.70 million units.

STANBIC led the chart in terms of value with N6.78 billion worth of shares traded, followed by AIRTELAFRI with N3.16 billion worth of shares, UBA with N1.55 billion, NESTLE with N1.05 billion worth of shares, and FBNH with N849.8 million worth of shares.