Bulls rule NGX as market cap increased by N417 billion

The NGX shut with an optimistic outlook in the midst of sell-offs and purchase interests as the benchmark All-Share Index (ASI) valued by 173 premise focuses.

The NGX ASI shut down at 45,430.14 places, to mirror a development of 1.73% from the past exchanging day and breaking another high since September 29, 2008.

Year-to-Date (YTD) return remains at 6.35%, while the market capitalization expanded by N417 billion.

Airtel Africa Plc saw huge revitalizing today as purchase interests took the offer cost up 10.00% to close at N1,155.50 per share. This expanded the broadcast communications market esteem by N395 billion, which is 94% of the all out gains recorded by the Nigerian Exchange toward the finish of the present exchanging meeting.

At the end of market on Wednesday nineteenth January 2022, the stock trade market esteem right now remains at N24.48 trillion from N24.06 trillion in the past exchanging day.

The market expansiveness shut negative as AIRTELAFRI drove 17 gainers, and 18 failures beat by FTNCOCOA toward the finish of the present meeting.

The financial exchange has progressed 2,713.70 base focuses since the beginning of the year.

NGX ASI Top gainers

AIRTELAFRI up +10.00% to close at N1155.50

CORNERST up +6.00% to close at N0.53

COUTVILLE up +5.26% to close at N0.40

UBN up +4.46% to close at N5.85

SEPLAT up +4.36% to close at N720.10

NGX ASI Top loosers

FTNCOCOA down – 7.69% to close at N0.36

CHIPLC down – 7.25% to close at N0.64

REGALINS down – 6.67% to close at N0.42

JAPAUL down – 4.76% to close at N0.40

JAIZ down – 4.55% to close at N0.63

NGX ASI Top Traded by Volume

GTCO – 25,456,346 units

FBNH – 23,094,320 units

Devotion – 21,137,645 units

DANGCEM – 14,453,030 units

FCMB – 12,932,757 units

NGX ASI Top Traded by Value

DANGCEM – N3,781,353,849.00

GTCO – N649,356,251.40

FBNH – N277,150,098.30

NB – N202,709,997.00

AIRTELAFRI – N196,572,480.60

Market opinions pattern towards the bulls regardless of the market differential being supportive of the decliners as 17 gainers were outperformed by 18 failures.

Written by T.I Ukende

T.I Ukende is a professional writer and ICT consultant. He has written many evergreen articles for Benuecast blog, classicgist, ellabase and many others before birthing the newsway blog.
Newsway delivers well researched and undiluted information on business, employment opportunities, personal finance and government empowerments.

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