Friday, September 30, 2022

NGX: Trading remains upbeat, indices up by 0.09%

The Year-to-Date gain increased to 16.34 per cent, but the market breadth was negative as 10 stocks advanced and 16 declined.

• September 9, 2022
Nigerian Exchange
Nigerian Exchange [Photo Creadit: Business Live Nigeria]

Trading on the Nigerian Exchange Ltd. (NGX) remained upbeat on Friday for the second consecutive day.

Specifically, market capitalisation gained N23 billion to close N26.805 trillion from N26.782 trillion recorded on Thursday.

Similarly, the All Share Index increased by 42.87 points or 0.09 per cent, to close at 49,695.12 compared with 49,652.25 achieved on Thursday.

As a result, the Year-to-Date gain increased to 16.34 per cent, while the market breadth was negative as 10 stocks advanced and 16 declined.

On the performance level, NEM Insurance led the gainers with 7.62 per cent share price appreciation closing at N5.65 per share, with Chams following by 6.9 per cent to close at 31k per share.

First City Monument Bank (FCMB) rose by 6.06 per cent to close at N3.50 per share, while United Bank for Africa (UBA) grew by 3.42 per cent to close at N7.55 per share.

Also, Flour Mills increased by 3.41 per cent to close at N30.30 per share.

On the other hand, Honeywell Flour Mills led the losers’ chart by 10 per cent to close at N2.25 per share.

LearnAfrica came next, dropping by 8.91 per cent to close at N2.25 per share.

Linkage Assurance fell by 7.69 per cent to close at 48k per share, while WAPIC went down by 7.32 per cent to close at 38k per share.

Jaiz Bank depreciated by 4.49 per cent to close at 85k per share.

Sterling Bank was the most active stock, traded with the highest volume of 173.84 million shares worth N252.13 million. It was followed by UBA, which transacted 54.07 million shares valued at N400.61 million.

Zenith Bank sold 14.02 million units of shares at N281.44 and Chams transacted 13.97 million shares worth N4.09 million.

Transcorp traded 6.39 million shares valued at N6.82 million.

(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

Lagos

Sanwo-Olu bans MC Oluomo’s rival transport union RTEAN in Lagos 

He added that suspension became necessary to prevent further acts of violence within the state.

SP Benjamin Hundeyin

Hot news Home top

Police arrest 22 suspects over Lagos motor park violence

The crisis erupted over control of the new park created under the Bridge at Iyana-Oba, Ojo area.

World

Iranian government arrests journalist, cracks down on protesters

Security forces used live ammunition, shotgun pellets and other metal projectiles, Amnesty said.

Health

Kanu Heart Foundation conducts free heart screening in Enugu

Kanu said that the foundation was using the day to create awareness on the prevention and treatment of heart-related problems.

Lagos

Civil Defence confiscates 21,600 litres of stolen petrol in Badagry

“The products were kept in barges…with the motive to reload them all into a boat and proceed on their journey to the Republic of Benin.”

NCPC

Faith

Pilgrimage absconder arrested upon return to Nigeria

Mr Ezekiel was among the six pilgrims who absconded in Israel during the 2019 Easter Pilgrimage.