NGX extends gain by N123 billion
Opening the week, investors’ interest in tier-one banking stocks further extended the Nigerian stock market capitalisation gains by N123 billion or 0.22 per cent.
Gains in Zenith Bank, United Bank For Africa (UBA), Guaranty Trust Holding Company (GTCO), Fidelity Bank, and Access Corporation, among other advanced equities, lifted the market.
The Nigerian Exchange Ltd. (NGX) market capitalisation closed at N55.601 trillion, having opened at N55.478 trillion.
The All-Share Index also settled at 96,793.95 points, adding 0.22 per cent or 214.41 points, against 96,579.54 points recorded on Friday.
As a result, the year-to-date return rose by 29.45 per cent.
However, market breadth closed slightly negative, with 29 losers and 28 gainers on the exchange floor.
On the losers’ table, Livestock Feed Plc led by 10 per cent to close at N2.25, and RT Briscoe trailed by 9.86 per cent to close at N3.20 per share.
Cornerstone Insurance lost 9.63 per cent to close at N2.44, Daar Communications shed 9.59 per cent to close at 66k, while Wapic Insurance dropped 9.41 per cent to close at 77k per share.
Conversely, Oando led the gainers’ table by 9.95 per cent to close at N84.55, and Industrial Medical Gas followed by 9.85 per cent to close at N29 per share.
E-transact also gained 9.80 per cent to close at N5.60, Conoil advanced by 9.72 per cent to close at N158, and UPL rose by 9.13 per cent to close at N2.51 per share.
Analysis of the market activities showed trade turnover settled lower relative to the previous session, with the value of transactions down by 65.05 per cent.
A total of 498.12 million shares valued at N11.04 billion were exchanged in 13,149 deals, compared to 573.96 million shares worth N31.58 billion in 12,754 deals posted in the previous session.
UBA led the activity chart in volume with 54.85 million shares, while Oando led the chart in value with deals worth N3.20 billion.
(NAN)
We have recently deactivated our website's comment provider in favour of other channels of distribution and commentary. We encourage you to join the conversation on our stories via our Facebook, Twitter and other social media pages.
More from Peoples Gazette
Agriculture
FG tasks ECOWAS on leveraging financing strategies for agroecology
The federal government has urged stakeholders in the agriculture and finance sectors in the West Africa region to leverage financing strategies to enhance agroecology practices
Politics
Katsina youths pledge to deliver over 2 million votes to Atiku
“Katsina State is Atiku’s political base because it is his second home.”
Economy
Real estate developer charged with bribery, selling ‘Homeland Security’ ID cards
Although Mr Davidovitz was not authorised to sell the DHS insignia or any colourable imitation of it, he received approximately $30,000 in proceeds from the sale of these cards.
World
U.S.-based Akeatha Diane Akintola jailed for stealing disabled minor’s social security benefits
“Ms Akintola did not just fail in that duty. She weaponised her position of power to systematically steal from a grieving, autistic child,” said an official.
Opinion
Abdul Mahmud: The reckless hounding of Omoyele Sowore
The news publisher and activist may irritate the powerful, offend the cautious, and exhaust those who prefer gentler politics, but his characteristics are not crimes.
Faith
Pastor Adeboye’s RCCG holds marketplace fair for church members’ businesses
The fair, themed ‘Connecting Faith, Business and Excellence’, ran from Friday to Sunday.
Economy
OPay introduces emergency lock, safety PIN to help Nigerians stay protected
With these new features, OPay is empowering Nigerians with more than just digital payments. It is providing practical tools that help customers stay protected in everyday life.
Lagos
Okada, keke Marwa not allowed on Lagos-Calabar coastal highway: FG
The federal government also prohibited the indiscriminate disposal of refuse along highway corridors, describing the practice as unacceptable.
