• Business - Market Data
  • Updated: December 16, 2022

Investors Gain N134 Billion As Trading On NGX Remains Bullish

Investors Gain N134 Billion As Trading On NGX Remains Bullis

The Nigeria equities market on Thursday extended its gains due to investors’ interest in MTN Nigeria Communications (MTNN) and 19 others, which increased the performance indicators by 0.5 per cent.

Consequently, investors made a profit of N134 billion as the market cap increased to N26.816 trillion from the N26.682 trillion recorded on Wednesday.

The All Share Index (ASI) additionally increased by 244.98 points, or 0.5%, to close at 49,233.02 from 48,988.04.

Gains in medium and big capitalised equities, including those of MTNN, Chemical Stanbic IBTC Holdings, Zenith Bank, Chemical and Allied Products (CAP), and Ardova Plc, were responsible for favourable performance (AP).

Twenty stocks increased while eight decreased, resulting in a positive market breadth for the day.

A price increase of 9.88% was reported by CAP to close at N17.80, while a gain of 9.51% was recorded by AP to close at N16.70 per share.

Learn Africa gained 8.12% to settle at N2.13 per share, while Cornerstone Insurance and Thomas Wyatt Nigeria each had an 8.33% increase to conclude at 52 kobo.

However, McNichols led the losers' list by 10 per cent to settle at 54 kobo per share.

Following Geregu Power, which had a loss of 8.11% to close at N102.00, Chams saw a loss of 4.35 to conclude at 22 kobo per share.

United Capital fell 1.46 percent to settle at N13.50 a share, while Guaranty Trust Holding Company (GTCO) lost 1.91 percent to close at N20.50 and plummeted 1.91 percent.

The number of shares traded overall increased by 153.1% to 222.775 million, with a value of N2.129 billion, and 2,756 transactions.

With 153.28 million shares changing hands for N205.43 million, transactions in Sterling Bank shares topped the list of activity.

Zenith Bank traded 8.69 million shares worth N200.26 million, with GTCO trading 10.47 million shares worth N216.96 million.

FBN Holdings (FBNH) traded 4.97 million shares valued at N53.53 million, while United Bank for Africa (UBA) transacted 4.52 million shares worth N32.95 million. 

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