NGX Maintains Upward Trajectory as Investors Gain 598bn In Blue-Chip stocks

The Nigerian Exchange (NGX) sustained its impressive bullish momentum on Wednesday, extending its rally as investors continued to accumulate positions in fundamentally strong and high-cap stocks.

The All Share Index grew by 0.56% to close at 166,771.95 points from the previous close of 165,836.96 points.

The Market Capitalisation appreciated by 0.56% to close at N106.780 trillion from the previous close of N106.182 trillion, thereby adding N598 billion.

An aggregate of 762 million units of shares were traded in 55,751 deals, valued at N29.9 billion.

The Market Breadth closed positive as 47 equities emerged as gainers against 28 equities that declined in their share prices.

Percentage Gainers

Academy Press led other gainers with 10.00% growth to close at N8.25 from Tuesday’s close of N7.50.

NCR, TRIPPLEG and TANTALIZER among other gainers also grew their share prices by 9.98%, 9.95% and 9.93% respectively.

Percentage Losers

May & Baker led other price decliners as it shed 9.79% of its share price to close at N28.55 from the previous close of N31.65.

WAPIC and Livestock Feeds among other price decliners also shed their share prices by 6.76% and 6.67% respectively.

Volume Drivers

ACCESSCORP traded about 53 million units of its shares in 1964 deals, valued at N1.2 billion.

LASACO traded about 39 million units of its shares in 262 deals, valued at N100.2 million.

VERITAS KAPITAL traded about 33 million units of its shares in 397 deals, valued at N70 million.