NGX extends rally closes 3.31% higher

Adebayo Obajemu

The bull-run on the Nigerian Exchange continued on Wednesday as increasing buying interests in highly priced stocks and blue-chip companies with strong fundamentals.

The All Share Index grew by 3.31% to close at 236,303.21 points from the previous close of 228,740.19 points.

The Market Capitalisation was up by 3.31% to close at N152.147 trillion from the previous close of N147.278 trillion, thereby adding N4.869 trillion.

An aggregate of 1 billion units of shares were traded in 74,660 deals, valued at N55.7 billion.

The Market Breadth closed negative as 41 equities emerged as gainers against 43 equities that declined in their share prices.

Percentage Gainers

ZICHIS, CAP, UACN and Airtel Africa led other gainers with 10.00% growth each to close above their Tuesday’s close.

Jaiz Bank, PZ and Sovereign Trust Insurance among other gainers also grew their share prices by 9.99%, 9.96% and 9.90% respectively.

Percentage Losers

JOHNHOLT and CADBURY led other price decliners as they shed 10.00% each of their share prices to close at N12.60 and N66.15 respectively

HMCALL and Sunu assurance among other price decliners also shed their share prices by 9.74% and 9.56% respectively.

Volume Drivers

ACCESSCORP traded about 242 million units of its shares in 3419 deals, valued at N6.27 billion.

UBA traded about 149 million units of its shares in 5897 deals, valued at N6.47 billion.

LASACO traded about 74 million units of its shares in 253 deals, valued at N144 million.