HomeBUSINESSMarket Capitalization records three consecutive gains, as NGX  ASI appreciates

Market Capitalization records three consecutive gains, as NGX  ASI appreciates

nigerian stock exchange

The floor of the Nigerian Stock Exchange, NGX, had witnessed Three consecutive gains, after a N20.691 Billion decline  on Monday.

The market value rose to N20.437 Trillion on Thursday after closing at N20.164 on Monday.

On Tuesday and Wednesday, the market capitalization climbed to N20.266 Trillion and N20.416 Trillion respectively, representing a N101.79 Billion and N150.763 Billon gains respectively.

On Thursday, the market recorded another N20.405 Billion increase, closing at N20.437 Trillion from N20.416 Trillion it closed on Wednesday.

The NGX All Share Index climbed to 39,210.1 points from 39,170.95 points it closed on Wednesday. After the All Share Index fell to 38. 445 .09 on 19th May 2021 following a N300.968 Billion losses, it went up to 39,170.95 points on Wednesday 9, 2021 due to a massive gain driven by bullish dominance.

The market sentiments measured by breadth on Thursday were dominated with bullish transactions having 19 gainers and 15 decliners.

The number of equities that were transacted on the floor stood at 158.526 million, valued at N2.236 Billion

Zenith Bank has been the investors delight since Monday with 1,332 deals recorded in four trading sessions, and on Thursday traded the highest value of shares which stood at N629.22 Million

Thursday’s top gainers were PZ, Charms plc, May baker, Unilever with Link Assurance Plc topping the chart. Link Assurance Equity’s share price closed high at 60 kobo from 55 kobo it traded on Wednesday, a 5 kobo rise.

On the other hand, Computer Warehouse Group was the top loser as it sheds 12 kobo on its share price to close at 1.13 from N1.25 it exchanged hands on Wednesday.

Other to losers include, Consolidated Hallmark Insurance Plc, ABC Transportation, WAPIC, and Mutual Benefit Insurance Plc.

 

 

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