NGX Closes Positive with 0.37% Gain

The Nigerian Exchange (NGX) ended Thursday’s trading session on a positive note, with the All Share Index (ASI) rising by 0.37% to close at 104,233.81 points, up from Wednesday’s close of 103,851.88 points.

Market capitalisation also increased by 0.37%, closing at N65.499 trillion compared to the previous day’s N65.259 trillion, representing a gain of N240 billion.

Trading activity saw 376 million shares exchanged in 11,204 deals, with a total value of N7.9 billion.

Despite the overall market gain, market breadth closed negative with 24 equities declining against 23 that appreciated in share price.

ABBEYBUILDING led the gainers with a 9.94% increase, closing at N8.96 from its previous N8.15 close. Other significant gainers included Nigerian Breweries by +9.86% and ABC Transport by +9.23%. 

Sunu Assurance topped the losers’ chart, declining by 9.91% to close at N5.00 from its previous close of N5.55. Other major decliners were ELLAHLAKES by 9.76% and Cornerstone Insurance by 9.44%. 

Fidelity Bank was the most actively traded stock by volume, with approximately 50 million shares changing hands in 456 deals valued at N916 million.

ACCESSCORP followed with about 33 million shares traded in 974 deals, worth N715 million.

Zenith Bank saw approximately 16 million shares traded in 707 deals, with a transaction value of about N685 million.