NGX market capitalisation rebounds by N556bn
-
Loading... - Mary Olukoya
- 12 May 2022
- 307 Views
- 0 Like
- 0 Comment
Specifically, the market capitalisation garnered N556.93 billion or 1.99 per cent to close at N28.735 trillion from N27.928 trillion on Tuesday.
Also, the All-Share Index advanced by 1,033.04 points or 1.99 per cent to close at 52,838.45 against 51,805.41 achieved on Tuesday.
Accordingly, the year-to-date returns increased to 23.70 per cent.
The upturn was impacted by gains recorded in the other sectors, including ARDOVA, Dangote, Cement, Cadbury, Guaranty Trust Holding Company (GTCo).
Sectoral performance was positive as most indices gained.
The Consumer Goods rose by I.5 per cent Industrial Goods 1.4 per cent, Insurance 0.9 per cent, Oil and Gas 0.1 per cent, while the Banking index closed flat.
Overall, the market was positive with 43 gainers relative to 27 losers.
CWG and Okomu Oil drove the gainers’ chart in percentage terms by 10 per cent each to close at 99k and N205 per share, respectively.
Champion followed with a gain 9.93 per cent to close at N4.43, while MC Nicholas rose by 9.90 per cent to close at N1.11 per share.
IMG went up by 9.88 per cent to close at N9.45.
On the other hand, Bua Foods and Ikeja Hotel led the losers’ chart in percentage terms by 10 per cent to close at N56.70 and N1.17 per share, respectively.
Eterna Oil followed with 9.92 per cent to close at N6.54 per share.
NPF Microfinance shed 9.50 per cent to close at N9.05 while RTBriscoe lost 8.70 per cent each to close at 63k per share.
Also, the total volume traded rose by 45.58 per cent to 417.39 million units valued N7.33 billion and exchanged in 7, 255 deals. Read More….
