Gains in NEM, Stanbic IBTC and 14 other stocks lift market activity higher

Business on the Nigerian Exchange Limited (NGX) returned to positive rout after gains by blue chip companies.

Nairametrics checks showed gains recorded on shares of NEM Insurance Plc, Stanbic IBTC and other blue chip stocks increased market capitalization to gain N65 billion or 0.2% reversing trend days bearish.

Consequently, the NGX closed positive amid buying interest as bulls dominated the trading floor.

The All-share Index (ASI) rose 0.2% to close at 48,675.24 index points against 48,554.76 index points the day before. In the same vein, the overall market capitalization increased by 65 billion naira or 0.2% to close at 26.253 billion naira from 26.188 billion naira the previous day.

The breadth of the market closed positive with 16 winners against 12 losers, with Fidson Healthcare Plc leading the losers with 9.80% while Nem Insurance Plc led the winners with 10%.

The news continues after this announcement




Market indices

  • UPS NGX: 48,675.24 points
  • Previous UPS: 48,554.76 points
  • % change of day: 0.2%
  • % YTD: 13.95%
  • Market capitalization (N): 26.253 trillion
  • Volume: 167.569
  • Offers: 3,751

NGX Top ASI Winners

  • NEM up +10% to close at N4.84
  • STANBIC up +8.93% to close at N30.50
  • ETI +8.00% to close at N10.80
  • CUTIX +7.37% to close at N2.04
  • JAPAUL +6.90% to close at N0.31

NGX Top Losers ASI

  • FIDSON down – 9.80% to close at N9.11
  • FTN COCOA down -9.09% to close at N0.30
  • FGS202371down – 7.25% to close at N90.00
  • UNITY BANK down -2.33% to close at N0.42
  • FCMB down – 2.19% to close at N3.13

Top 3 by volume

  • ACCESS –27 897 677
  • UBA – 22,948,561
  • ETI – 22 507 150

Top 3 by value

  • MTNN-N725,241,254
  • AIRTEL – N508 439 869
  • GTCO – N323 987 814

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