Business News

NGX continues bullish run as GTCO is most traded stock today

After bouncing back from Tuesday’s negative run yesterday, the NGX continued its bullish run today as the All-Share Index appreciated by 0.11% to hit 71,365.25 points.

Equities gained N51 billion as the market capitalization appreciated N39.052 trillion, bringing the market’s year-to-date return to 39.25%.

There was an appreciation in traded volume to 540.086 million units, against yesterday’s 360.601 million units. In terms of value traded, there was a significant uptick to N10.24 billion, compared to yesterday’s N5.62 billion.

Here are the market Indices for today’s trading session

In terms of volume, GTCO (+1.43%) led with 67.23 million units, followed by UNIVINSURE (-3.85%) with 56.75 million units, CONHALLPLC (+0.77%) with 46.10 million units, TRANSCORP (+2.20%) with 42.76 million units, and FBNH (+0.92%) with 36.03 million units.

In terms of value, GTCO also led with N2.60 billion, followed by AIRTELAFRI (+0.56%) with N1.44 billion, MTNN with N1.29 billion, SEPLAT with N789.62 million, and FBNH (+0.92%) with N787.47 million.

Trading was mixed for stocks worth over one trillion, as AIRTELAFRI (+0.56%) and GTCO (+1.43%) recorded gains, while ZENITHBANK (-2.71%) recorded a price drop. Other members of the category recorded no price change.

Tier-1 banks also witnessed mixed trading activity, GTCO (+1.43%), FBNH (+0.92%), and ACCESSCORP (+0.56%) all recorded price gains, while ZENITHBANK (-2.71%) recorded price drop. UBA recorded no price change.