NGX Opens Trading Week on Bullish Note, Gains
Samuel Mobolaji
The equities market of the Nigerian Exchange Limited (NGX) on Monday began this week trading activities on a positive note, as market capitalization gained N61.53billion to close at N28.63trillion.
At the close of the first trading day of the week, the Nigerian equities extended gains from last week as the benchmark index closed 0.22 per cent stronger to settle at 52,579.52 points.
Sustained buy interests in ZENITHBANK (+1.46%), GTCO (+1.87%) and WAPCO (+0.61%) buoyed the market’s performance.
Consequently, the year-to-date (YTD) return rose to 2.59 per cent.
Analysis of yesterday’s market activities showed trade turnover settled higher relative to the previous session, with the value of transactions up by 26.54 per cent.
A total of 511.38m shares valued at N7.14bn were exchanged in 5,883 deals. ACCESSCORP (+2.67%) led volume and value charts with 167.62million units traded in deals worth N1.92billion.
Market breadth closed positive at a 1.77-to-1 ratio with advancing issues outnumbering declining ones. INTBREW (+6.82%) topped twenty-two (22) others on the leader’s log while TRANSCORP (-7.73%) topped twelve (12) others on the laggard’s table.
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