NGX closes positive as investors awaits market stance today

The Nigerian Exchange on Friday closed positive as bullish investors took over the bourse after two days of bearish momentum, thereby closing the week’s trading sessions with market capitalization gaining N33 billion at the end of the day’s transactions.

As a result of the trend, the equities market’s All-Share Index (ASI) traded 0.09% higher to close at 68,143.34 index points as against 68,082.11 index points recorded in the previous day’s trading session.

Also, the market capitalization of equities closed at N37.295 trillion, representing 0.09% higher than the N37.262 trillion it recorded at the close of Thursday’s trading.

The market indices, based on data from the Nigerian Exchange Group (NGX), showed that the total volume of equities traded stood at 483.49 million with a value of N8.34 billion recorded in 6,660 deals compared to the 378.09 million traded from the previous day’s session.

The day’s trading trend also reflected that the market breadth closed positive as OANDO (10.00%) led the gainers’ table, CHELLARAM (-9.94%) led the losers’ chart and FCMB was the most traded equity by volume at the end of today’s session.

The data also indicated that OANDO, CWG and NEIMETH led the top gainer’s chart with each recording +10.00%, +9.89%, and +9.80% gain respectively while CHELLARAM, OMATEK and ABCTRANS led the top losers’ chart as they lost –9.94%, -9.38%, and –8.13% respectively.

According to the official data from the NGX on the day’s trading, FCMB led the chart in terms of volume as 116.87 million units traded and ACCESS HOLDINGS (36.25 million) and OANDO (34.23 million) rounded up the top 3 traded stocks for today.

Similarly, in terms of the value traded, the data showed that FCMB with N791.36 million traded value led the gainers chart followed by ACCESS HOLDINGS with N631.84 million and UBA with N521.61 million traded value to round up the top three ASI gainers to close the week’s trading sessions.

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