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  • Business - Market Data
  • Updated: June 28, 2023

Nigerian Equities Gain N422 Billion Ahead Of Sallah Festival

Nigerian Equities Gain N422 Billion Ahead Of Sallah Festival

The Nigerian Exchange (NGX) ended the day on a high note, with the All-Share Index (ASI) rising 1.30% to 60,108.86 index points, exceeding the previous day's value of 59,338.76 index points.

The market capitalisation of stocks increased by N422 billion to conclude at N32.730 trillion, 1.31% higher than the N32.308 trillion reported in the previous trading session.

The NGX ASI hit 60,108.86 points on Tuesday with a day change of 0.22%, while the year-to-date percentage was +15.53%.

With a trading volume of 769.70 million and a value of N12.53 billion, the market cap was N32.730 trillion. A total of 9,463 transactions were reported.

At the end of Tuesday's session, market breadth was favourable as Ikeja Hotel (10.00%) led gainers, Redstarex (-10.00%) led losers, and Access Holdings was the most traded equity - by volume.

Tuesday's trading volume was 769.70 million shares, which was 22.59% lower than the previous day's session.

Ikeja Hotel, Afromedia, and Courtville were the biggest gainers in today's trading session, each gaining +10.00%. Redstarex, Cileasing, and Morison, on the other hand, lead the top losers' chart, with losses of -10.00%, -9.79%, and -9.22%, respectively.

Tuesday's trading session saw significant trading activity, with 769.70 million units of shares exchanged, compared to 627.87 million units traded the previous day. In terms of volume, Access Holdings led with 111.67 million units traded, followed by GTCO with 78.98 million shares and UBA with 72.29 million units.

When it comes to value exchanged, GTCO came out on top with N2.69 billion, followed by Zenith Bank with N1.77 billion and Access Holdings with N1.74 billion, rounding out the top three.

Zenith Bank (+4.62%) and MTN Nigeria (+2.77%) finished with increases among the companies valued over a trillion dollars, while BUA Foods, Dangote Cement, and BUA Cement stayed unchanged.

Notably, GTCO's share price increased by 5.2%, finishing at N34.4 per share.

Following in the footsteps of Zenith Bank, this milestone moved GTCO into the select group of equities valued more than one trillion dollars.

With this achievement, GTCO's market capitalization has increased to N1.01 trillion, consolidating its position as a market leader in financial services.

Tier 1 bank shares finished positive, with GTCO (5.2%), UBA (4.7%), Access Holdings (3.61%), Zenith Bank (4.62%), and FBN Holdings (0.59%) all closing positive.

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