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NGX maintains bullish trend as market capitalisation gains N167 billion

By Cynthia Ezekwe 

The Nigerian Exchange (NGX) closed trading on Wednesday on a positive ground as market capitalisation appreciated by  N167 billion to close at N28.819 trillion.

The All-Share Index (ASI) increased by  0.58 per cent, to close at 52,927.60 index points as against 52,621.19 index points recorded in the previous day’s trading session.

A total of  455.18 million units of shares were exchanged in  6,635 deals valued at N7.83 billion.

Also, ACCESS HOLDINGS Plc was the most traded equity  by volume, while ZENITHBANK was the most traded by value  at the end of Wednesday’s trading  session.

Market breadth closed positive as NESTLE Plc with a 9.98 per cent increase, while CHELLARAM Plc led the losers chart with a 9.82 per cent decline.

NESTLE led the gainers table as it  gained 9.98 per cent in its share prices to close at N1148.00 per share; TRIPPLEG appreciated 9.88 per cent  to close at N3.56 per share; UACN gained gained 9.76 per cent  to close at N9.00 per share; UPL increased by  9.76 per cent to close at N2.25 per share; while RTBRISCOE appreciated  9.68 per cent  to close at N0.34 per share.

On the contrary, CHELLARAM topped the losers table as it shed 9.82 of its share prices  to close at N1.47 per share; MCNICHOLS lost 9.59 per cent  to close at N0.66 per share; WAPIC was down 8.70 per cent  to close at N0.42 per share; ACADEMY  declined by 7.14 per cent  to close at N1.56 per share; while CUTIX depreciated 3.23 per cent  to close at N2.40 per share.

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