NGX maintains bullish trend, benchmark index rises by 1.75%

Toyin Ajadi

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Trading activities in the Nigerian Exchange Group (NGX) market on Friday maintained the bullish trend from Thursday, making the market index rise by 1.75% to close the week at 39,834.42 points, being 373.22 points higher than Thursday’s 39,461,20.

 

The market capitalization also appreciated to N20.85 trillion from N20.65 trillion on Thursday.

 

At the end of the last weekday of trading, a total of 328,385.041 shares worth N3.108 billion were traded in 4,388 deals.

 

Regency Alliance Insurance led the gainers, appreciating by N0.03k to close at N0.33k, followed by Chiplc with a gain of N0.03k to close at N0.39k and Royal Exchange gained N0.04k to close at N0.53k.

 

On the flip side, NCR Nigeria led the losers’ chart after it lost N0.25k to close at N2.27k.

 

It was followed by Vanleer, which lost N0.65k to close at N6.05k and Honeywell flour, which lost N0.12k to close at N1.16k.

 

First Bank Nigeria Holdings recorded the highest volume of 95.2 million traded shares, followed by Access Bank at 44.33 million shares.

 

Amaka E. Nliam

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