Interest in bank and industrial goods shares raise NGX by 0.54%


Trading activities on the floor of the Nigerian Exchange (NGX) Limited were bullish on Wednesday, with a 0.54 percent rebound influenced by buying shares in banking, insurance and industrial goods shares, offsetting losses in shares of energy and consumer goods.

The banking index appreciated 4.21 percent, the insurance space rose 0.78 percent and the industrial goods sector improved 0.36 percent. However, the energy meter depreciated 0.35 percent and the consumer goods sector fell 0.24 percent.

At close of business, the All-Share Index (ASI) gained 238.69 points to close at 44,046.94 points, in contrast to 43,808.25 points the day before, as market capitalization grew by $130 billion. naira to end at 23.991 trillion naira compared to Tuesday. N23,861 trillion.

During the session, investors traded 159.4 million shares worth N2.9 billion in 3,039 deals compared to 103.5 million shares worth N1.2 billion traded in 3,045 deals the previous day, which It represents a decrease in the number of agreements of 0.20 percent, an increase in volume traded by 54.10 percent, and an improvement in value traded by 141.12 percent.

Fidelity Bank was the most active stock in the market yesterday after trading 28.0 million units, followed by GTCO, which sold 20.8 million units. Zenith Bank traded 14.0 million units, FBN Holdings traded 8.9 million units and Unity Bank traded 7.3 million units.

trade publication He noted that amid positive stock performance in the midweek session, investor sentiment remained weak as the market breadth ended in the negative, with 21 losers and 24 gainers.

Cornerstone Insurance appreciated 10.00% to 44 Kobo, MRS Oil rose 9.73% to N14.10, Zenith Bank expanded 8.46% to N21.80, GTCO gained 6.63% to trade at N19.30 and Lafarge Africa increased by 5.97 per cent to N21.30.

By contrast, Eterna posted the biggest loss after its value fell 10.00 percent to close at N5.67, Guinness Nigeria lost 9.98 percent to N67.20, SCOA Nigeria declined 9.49 percent. percent to settle at N1.43, Sunu Assurances fell 9.38 percent to 29 Kobo, and Courteville dipped 8.00 percent to 46 Kobo.




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