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Nigerian News, Politics, Business, Economy, Investment, Entertainment and Sports. > Blog > Business > NGX moves northward, gains N565bn
Business

NGX moves northward, gains N565bn

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Last updated: August 10, 2023 8:59 pm
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3 years ago
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Trading activities on the floor of the Nigerian Exchange on Thursday closed northward, gaining N565 billion following gains recorded by Dangote Cement, Unilever, Cadbury Nigeria Plc, FBNHoldings among others.

The market capitalisation of equities on Thursday appreciated by 1.62 per cent to close at N35.483 trillion from N34.918 trillion reported the previous day.

The NGX All Share Index also appreciated by 1037.43 basis points to 65204.82 points from 64167.39 points traded on Wednesday.

A reviews of the investment during the day showed that Chellaram Plc led gainers table in percentage terms, gaining 10 per cent to close at N4.40 per share, SCOA Plc followed with a gain of 9.35 per cent to close at N1.17 per share, Dangote Cement gained 9.34 per cent to close at N349.90 per share, Thomas Way added 9.32 per cent to close at N1.29 per unit, Cornerstone Insurance increased by 9.09 per cent to close at N1.08 per share.

On the contrary, Cap Plc topped losers chart, shedding 10 per cent to close at N19.80 per share, Academy Press trailed with a loss of 9.36 per cent to close at N2.13 per unit, Dangote Sugar Refinery dipped by 6.63 per cent to close at N32.40 per unit, Glaxo Smithkline fell by 6.60 per cent to close at N9.20 per share, Chams Plc down by 5.05 per cent to close at N0.94 per share.

Volume of trades increased by 123.16 million, representing 51.73 per cent as investors traded 361.197 million shares valued at N5.743 billion in 5531 deals against 238.039 million shares worth N2.616 billion in 6001 deals.

Transactions in the shares of FBNHoldings Ltd market activities with 140.179 million shares valued at N2.608 billion in 280 deals, Fidelity Bank followed with account of 21.559 million shares worth N165.186 million in 170 deals, Universal insurance traded 18.706 million shares valued at N4.211 million in 62 deals.

Transnational Corporation of Nigeria exchanged 17.307 million shares valued at N62.606 million in 176 deals while United Bank for Africa exchanged 13.081 million shares costing N188.990 million in 249 deals.

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TAGGED:Financial newsgain N565 billionmarket trendsNGXNigeria Stock ExchangeNigerian stock marketnorthward movementstock exchange updates
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