Saturday, February 24, 2024

NGX Benchmark Index Sustains Upward Trend

Transactions at the Nigerian Exchange Group Limited, NGX remained upbeat for the second trading session of the week with gains in 40 equities amid bargain hunting profit-taking activities.

Investors witnessed an increase of 1.65 percent on the market capitalisation of listed equities which led to a N617 billion gain to close at N38.038 trillion higher than Monday’s N37.420 trillion.

Consequently, the All-Share Index appreciated by 1,124.48 basis points representing a 1.65 percent increase to close at 69,236.19 points compared to the 68,111.71 point of the previous day.

Investors At NGX End Week On Bearish Sentiment

At the end of day’s trading session, a total of 483.27 million shares valued at N6.04k billion exchange hands in 8,027 deals which got the market closing with 40 gainers relative to 25 losers.

AIRTELAFIR led the gainers table with a 10% profit on its share price to close at N1,540.10k followed by CADBURY and NNFM with 9.92% gain on their share prices to close at N13.85k and N19.95 respectively; then CHAMS made an 9.90% profit on its share price with a closing price of N2.22k.

On the flipside, BETAGLAS led the losers list with a 9.93% loss on its share price to close at N60.30k followed by UPL with a closing price of N2.12k after recording a 9.79% drop on its share price while ELLAHLAKES recorded a 9.56% loss on its share price to close at N3.50k.

JAPAUL Gold recorded the highest volume of trades with 155.57 million shares followed by UBA for the second day with 33.93 million and ACCESSCROP had 27.43 million shares.

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