Nigeria’s Equities Market begins session positive

By Chiamaka Okechukwu, Lagos

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Transactions in the Equities Market of the Nigeria Exchange Group Limited, NGX started this week’s trading session with the bull dominating activities.

Investors gained over N116b on market capitalisation, to close at N25.907 trillion further advancing the gains made on Friday which stood at N25.791 trillion.

Similarly, the NGX All-Share Index appreciated by 0.5 percent, representing a 214.49 basis points to close at 47,565.92 on Tuesday higher than the 47,351.44 recorded on Friday.

The day’s business had investors witness a total volume of 125.66 million units of shares exchange hands in 4,188 deals.

The market sentiment as measured by market breadth was however negative with 12 gainers and 15 losers.

MayBaker led the gainers chart with a 9.76 percent gain on its share price to close at N4.05k followed by the Ikeja Hotel with 9.73 percent gain on its share price to close at N1.24k. Then BUA Cement had an 8.65 percent price gain to close at N4.50k.

On the flipside, UPL led the chart with an 8.54 percent loss on its share price to close at N1.50k followed by Cadbury Nigeria which had 6.94% to close at N11.40k and FTN Cocoa Processors lost 6.67% to close at N0.28k.

 

 

Mercy Chukwudiebere

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