NGX Market Index rises by 0.02%

Ekene Okafor, Lagos.

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Trading activities at the Nigerian Exchange Group (NGX) closed in the positive on Wednesday with a 0.02%  gain to close at 38,927.83 points, being 9.84 points higher than 38,917.99 points recorded at the close of trading on Tuesday.


The market capitalization also appreciated by N5 billion to close at N20,282 trillion on Wednesday as against N20,277 trillion on Tuesday.


Wednesday’s trading saw a total of 206,292,307 shares with market value of N1,070 billion traded in 3,435 deals.


CUTIX  led the gainers’ table having gained N0.50k or 10% to close at N5.50k per share. It was followed by VERITASKAP with N0.02k or 8.70% gain to close at N0.25k, then TRIPPLEG gained N0.07k or 7.78% to close at N0.97k


On the other hand, SOVRENINS led the losers’ list after it lost N0.02k or 7.14%  to close at 0.26k ,followed by REGALINS which lost 0.03k or 6.67% to close at 0.42k and Unity bank lost N0.03k or 5%  to close at N0.57k.


Sterling Bank was the toast of investors for the day as it had the biggest volume traded shares of 51,826 million  worth N78,772 million followed by Transcorp with 19,248 million shares  valued at N18,165 million.


Most of the indices performance was negative as three  out of the five sub-sectors tracked closed in red. The banking index gained 0.56% and the Industrial index rose by 0.04%


On the other hand,  the Insurance index fell by 0.18%, while the Consumer good index fell by 0.04%; the Oil and Gas index also fell by 0.63%.

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