NGX Posts Marginal Gain Of N6.18bn
NGX
Samuel Mobolaji
The equities market of the Nigerian Exchange Limited (NGX) on Wednesday recorded a marginal gain of N6.18billion, as the market capitalization closed at N29.69trillion, compared to N29.68 trillion it declared on Tuesday.
At the close of yesterday’s trading activities, the Lagos bourse was somewhat flattish as the benchmark index managed to eke out a meager 2bps gain to close at 54,507.66 points.
Investors interest in Tier-1 banking names, ZENITHBANK (+0.20%), GTCO (+0.20%), and FBNH (+0.86%) managed to drive the market’s overall performance. While the year-to-date (YTD) return rose slightly to 6.35 per cent.
Analysis of today’s market activities showed trade turnover settled lower relative to the previous session, with the value of transactions down by 23.50 per cent.
A total of 134.46million shares valued at N4.36billion were exchanged in 2,905 deals. GTCO (+0.02%) led the volume chart with 42.35million shares traded while SEPLAT (+0.00%) led the value chart in deals worth N1.18billion.
Market breadth closed flat. LINKASSURE (+7.14%) topped thirteen (13) others on the leader’s log while SOVRENINS (-6.67%) led thirteen (13) others on the laggard’s table.
About The Author
