Transactions on the floor of the Nigerian Exchange Group Limited, NGX, resumed bullish after the Christmas Holidays as the All-Share Index, ASI closed positve by 0.45 percent.
This was impacted by gains recorded in medium and large capitalised stocks, amongst such as Champion Breweries Plc, Wema Bank, Cornest, Geregu, Ecobank TransNational Incorporated (ETI) among others.
The All-Share Index of listed equities appreciated by 225.51 basis points as the last trading week of 2022 started on Wednesday, representing an increase of 0.45 percent to close at 49,934.60 compared to 49,709.09 recorded at the end of business on Friday.
Consequently, the market capitalisation of listed equities inched up by N124 billion to close at N27.198 trillion higher than Friday’s N27.073.
At the end of the day’s business, a total volume of 498,722 million units of shares that exchanged hands in 3,989 deals.
The market sentiment, as measured by market breadth, was positive as 27 stocks gained, relative to 6 decliners.
Champions Breweries and CORNERST recorded the highest price gain on its shares with 10 percent each to close at N5.17k and N0.56k. GEREGU followed with a gain of 9.96 percent on its share to close at N127.00.
On the flipside, RTBRISCOE led the decliners chart with a 7.41 percent loss on its share price to close at N0.25k followed by MCNICHOLS which had a 3.70 percent loss to close at N0.52k. Then FTN Cocoa Processors had 3.45 percent loss to close at N0.28k.
