NGX closes bullish as investors gain N199 billion
December 29, 2022208 views0 comments
By Cynthia Ezekwe
Trading activities on the NIgerian Exchange (NGX) platform closed on a positive note on Thursday, with a gain of N199 billion in market capitalization.
The All Share Index (ASI) grew by 0.73 per cent to close at 50,300 points.
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Meanwhile, an aggregate of 490.4 million units of shares were traded in 4,480 deals, valued at N7.74 billion .
The market breadth also performed strongly as GEREGU led 37 gainers, against 9 losers that recorded losses in their share prices, led by LIVESTOCK at the end of today’s session.
GEREGU topped the gainers chart with 10.00 per cent to close at N139.70; NESTLE was up 10.00 per cent to close at N1100.00; MCNICHOLS gained 9.62 per cent to close at N0.57; CWG appreciated by 9.52 per cent to close at N0.92; while ROYALEX advanced by 9.35 per cent to close at N1.17.
On the contrary, LIVESTOCKn topped the losers chart as it shed 8.40 per cent to close at N1.09; FBNH depreciated 6.36 per cent to close at N11.05; VITAFOAM lost 5.92 per cent to close at N20.65; UNILEVER shed 2.54 per cent to close at N11.50; while FIDELITYBANK lost 1.94 per cent to close at N4.56.
GTCO led the top three by value, which totaled N922,553,157; FBNH was valued at N891,708,267; while GEREGU was valued at N616,217,338.
As of the close of the day’s trading, the stock market value stood at N27.3 trillion; and advanced by 7583.56 basis points or 17.8% year-to-date.