NGX: Market Capitalisation inches up by N154bn

Chiamaka Okechukwu Lagos

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Nigeria’s local bourse witnessed price rallies in mid week trading as investors gained additional N154 billion on market capitalisation of listed equities.

The market sustained gains made on Tuesday amid bargain hunting and profit-taking on the floor of the Nigerian Exchange Group Limited, NGX.

Consequently, the NGX All-Share index appreciated by 0.6 percent to close at 51,377.21 being 285.46 points compared to Tuesday’s 51,091.75 .

The market capitalisation stood at N27,697 trillion to close Wednesday’s trading session after gaining N154 billion higher than the N27, 544 trillion of the previous day.

At the day’s trade a total volume of 229.366 million units of shares changed hands in 4,536 deals.

The market sentiment also closed flat with the 18 gainers and 18 losers.

ELPAH LAKES led the gainers table with 10.00 percent gain on its share price to close at N4.40k followed by PTESCO which gained 9.71 percent to close at N183.00 while FBN Holdings gained 9.52 percent on its share prices to close at N9.20k

On the other hand, NNFM lost 9.91 percent on its share prices to close at N9.55k, John Holt followed with a 9.86 loss to N0.64k; then CWG lost 9.09 percent on its price to close at N0.88k.

 

 

 

Hauwa Abu

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