NGX ends the week positive with market cap up N517 billion

Bulls persisted in exerting influence over the local stock market as the Nigerian Exchange Limited (NGX) concluded today’s trading session with an increase of N517 billion in market capitalization.

The All Share Index (ASI), which finished at 47,554.34 points, rose by 2.85%. The market capitalization also saw a rise of N517 billion in a similar fashion.

The stock market’s value stood at N25.9 trillion at the close of trading on Friday. Since the start of the year, the stock market has climbed by 4837.9 basis points, or 11.32%.

Meanwhile, market breadth closed the day positively, with REDSTAREX leading 18 gainers and CAPHOTEL topping the list of 8 losers.

Market Indices

NGX ASI: 47,554.34 points

Previous ASI: 46,232.37

Percentage Day Change: 2.85%

% Y-t-D: 11.32%

Market Cap: N25,901 trillion

Volume: 98.9 million

Value: N5.52 billion

Deals: 2,780

NGX Top ASI Gainers

REDSTAR increased by +9.66% to close at N2.27

REGALINS up by +8.70% to finish at N0.25

LIVESTOCK surged by +8.16% to settle at N1.06

PRESTIGE rose by +7.50% to close at N0.43

AIRTELAFRI improved by +7.41% to conclude at N1,450.00

NGX Top ASI Losers

CAPHOTEL declined by –10.00% to finish at N3.06

NESTLE fell by –10.00% to close at N963.90

INTBREW decreased by –2.27% to settle at N4.30

GTCO down by –1.48% to close at N20.00

WEMABANK reduced by –0.97% to end at N3.07

Top 3 by Volume

FCMB– 16,842,91

MTNN – 16,416,748

FIDELITYBK – 7,539,199

Top 3 by Value

MTNN- N3,296,394,058

AIRTELAFRI – N825,727,138

NESTLE- N666,952,742

Market sentiment leaned towards the bulls with 18 gainers outpacing the 8 losers.