HomeBUSINESSNGX Market Gained N244.535 Billion

NGX Market Gained N244.535 Billion

Apart from Tuesday trading that closed in the negative with investors losing N12.255  Billion, other days of this week’s trading closed blue with about N244.535 Billion gain as the market capitalization rose to N20.184 from N19.940  it stood on Friday of the previous day.

The NGX All Share Index on Friday moved to 38,726.1 from 38,256.95 it closed on Friday of the previous week.

Friday’s trading was dominated with bullish transactions as it recorded 23 advancers against only 11 decliners.

Trading closed on Friday with a N92.9 Billion gain as the bulls dominated the floor.

Over 199 million shares exchanged hands on the floor which was valued at N1.59 Billion.

The gain recorded on Friday was driven by bullish transactions of the capitalized stocks of Nigerian Breweries, SEPLAT Petroleum, MTN, Dangote Cement, and FCMB with  high turnover.

The top gainer was Morison Industries Plc with a 10 kobo or 9.71% rise on its share price. It rose to N1.13 from N1.03 it traded on Thursday.

Other top gainers were Veritas Capital Plc, Upl, NPF Micro Finance Bank, and Hony Flour.

Among the top losers, Computer Warehouse Group was on the lead with a 16 kobo dip on its share price. It fell to N1.53 from N1.69 it exchanged hands on Thursday.

Regency Alliance Insurance Plc, Royal Exchange Plc and Lassaco were other top losers

FCMB was on the lead on the financial sector chart, being the first time it topped the chart since over four months. It traded over N90 Billion what of shares to lead the sector while Julius Berger and Nigerian breweries led the construction & real estate and consumer goods sectors respectively

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