Business News

NGX fights back huge selloffs to maintain bullish run, as ASI appreciates by 0.07%  

The NGX saw a busy trading day with a large volume of trades, however, the market stayed on its bullish course as the All-Share Index appreciated by 0.07% to hit 70,819.49 points.  

The equities market gained 27.2 billion, bringing the market capitalization to N38.912 billion. In the market today, 25 stocks recorded price appreciations while 24 recorded price declines.  

There was a drop in the number of deals to 6,169 deals against yesterday’s 6,401. There was also a huge trading activity as the trading volume increased to 569.195 million units from yesterday’s 558.345 million units. There was a huge appreciation in trading value to N16.791 billion, up from yesterday’s N9.79 billion.  

Here are the market Indices for today’s trading session 


In terms of volume, JAPAULGOLD (+9.58%) led the chart with 113.964 million units, followed by STANBIC (-0.07%) with 96.92 million units, UBA (+0.24%) with 75.22 million units, FBNH (+3.36%) with 42.64 million units, and FIDELITYBK with 34.70 million units.  

STANBIC led the chart in terms of value with N6.78 billion worth of shares traded, followed by AIRTELAFRI with N3.16 billion worth of shares, UBA with N1.55 billion, NESTLE with N1.05 billion worth of shares, and FBNH with N849.8 million worth of shares.  

There was huge trading activity on stocks worth over one trillion, however, only GTCO (+0.56%) and ZENITHBANK (-0.45%) recorded price changes.  

All tier-1 banks recorded price activity, as FBNH (+3.36%), GTCO (+0.56%), UBA (+0.24%) recorded price gains, while ACCESSCORP (-0.29%) and ZENITHBANK (-0.45%) recorded price decline.