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    Equity Market Reverve Losses as NGX-ASI Gain 0.26%

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    Naija247news Editorial Teamhttps://www.naija247news.com/
    Naija247news is an investigative news platform that tracks news on Nigerian Economy, Business, Politics, Financial and Africa and Global Economy.

    On Wednesday, the Nigeria equity market reversed Monday’s loss with a gain of 0.26 percent after the Eid-el-Maulud break as investors renewed their positive sentiment in some bellwether stocks, such as NGXGROUP, FBNH, MTNN, WAPCO and 17 others.

    As a result, the All-Share Index rose by 105.04bps, representing a growth of 0.26 percent to close at 41,249.71. While the Market Capitalization gained ₦54.81bn, representing a surge of 0.26 percent to close at ₦21.53 trillion.

    → Similarly, the market activities traded positively following the 47.47 percent and 25.15 percent growth in the Total Volume and Value traded, respectively, as 499.51 million units of shares valued at ₦5.08 billion were transacted from 5,998 Deals.

    FBNH topped the traded stocks in terms of volume, accounting for 29.67 percent of the total volume of trades, maintaining the position as the most trading stock, followed by ETRANZACT (21.14%), ACCESS (5.60%), TRNASCORP (4.48%), and GTCO (4.14%) to complete the top five on the volume chart.

    Also, FBNH appeared as the most traded stock in value terms, with 34.59 percent of the total value of trades on the exchange.

    → NGXGROUP led the gainers’ chart to emerge as the most profitable stock, with price appreciation of 10.00 percent, trailed by FBNH (3.83%), ETI (2.88%), MTNN (1.24%), WAPCO (0.61%), UBA (0.60%), HONYFLOUR (0.53%), ZENITHBANK (0.40%), FIDELITYBK (0.36%) and 13 others.

    On the contrary, 18 stocks declined in price led by PRESTIGE with price depreciation of 8.15 percent to close at ₦0.43, as CHIPLC(-8.33%), UCAP (-1.55%), WEMABANK (-1.33%), ACCESS (-1.04%), and UACN (-0.45%) also follow suit.

    In conclusion, the market breadth closed significantly positive, recording 21 gainers and 18 losers.

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