NGX Index Gains 0.78% as Market Cap Up N305.61b
NGX
The equities market of the Nigerian Exchange (NGX) Wednesday, extended gains for the second consecutive session the benchmark Index ended 0.78 per cent stronger, while the market capitalisation rose by N305.61billion.
Specifically, the All Share Index (ASI) ended the mid-week trading activities on a positive trend with the Lagos bourse closed at 71,808.64 points.
The performance was primarily driven by gains in MTNN, ZENITHBANK and GTCO offsetting losses in DANGSUGAR, WAPCO and TRANSCORP.
As a result, the ASI Year-To-Date (YTD) increased to 40.11 per cent, while market capitalization gained N305.61billion to close at N39.30 trillion.
Analysis of yesterday’s market activities showed trade turnover settled higher relative to the previous session, with the value of transactions up by 8.88 per cent.
A total of 690.01m shares valued at N12.10billion were exchanged in 8,412 deals. GTCO (+0.51%) led both the volume and value chart with 76.70million units traded in deals worth N3.04 billion.
Market breadth closed positive at a 1.70-to-1 ratio with advancing issues outnumbering declining ones. THOMASWY topped 33 others on the leader’s table while MANSARD led 19 others on the laggard’s log.
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