Investors in the Nigerian Exchange (NGX) gained N503 billion as the local bourse continues to rally on the eve of the Christmas season.
The local stock exchange ended yesterday’s trading session on a positive trajectory, with the All-Share Index (ASI) advancing by 0.82% to close at 102,186.03 points.
The market capitalization neared N62 trillion, wrapping up the day at N61.9 trillion, supported by 8,369 transactions.
Reversing negative price movement, MTN Nigeria share price gained 9%. Pre-Christmas rally also pushed some banking names valuation higher.
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UBA was the most traded stock by volume at 51.17 million units, while DANGCEM was the most traded stock by value at N11.14 billion.
Equities market sentiment remained optimistic, as 37 stocks appreciated compared to 21 decliners. Leading the gainers were MRS, IKEJAHOTEL, MULTIVERSE, SKYAVN, and JOHNHOLT, while THOMASWY, CAVERTON, WAPIC, HMCALL, and LIVESTOCK topped the list of laggards.
MRS (+10.0%) and IKEJAHOTEL (+10.0%) recorded the most significant gains of the day, while THOMASWY (-10.0%) and CAVERTON (-7.4%) topped the losers’ list
In total, 431.78 million shares worth N18.26 billion changed hands across 8,369 transactions, with UBA leading in trading volume, trading 51 million shares worth N1.9 billion across 563 deals. #Nigerian Exchange Expands Near N62Trn as Investors Gain N503bn#
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