Business and Economy

NGX All-Share Index extends gains with 0.31% rise in the All Share Index

The Nigerian Stock Exchange closed higher today with the All Share Index rising by 0.31% to close at 52,580.86 points. As a result, the YTD return increased to 2.59%, while market capitalization increased by 87.95 billion to close at 28.63 trillion.

Sustained holdings in ZENITHBANK (+2.65%), GTCO (+4.18%), and FBNH (+0.83%) kept the market upbeat. Trade turnover settled higher compared to Tuesday’s session with the value of transactions increasing by 16.24%. In 6,666 transactions, 680.80 million shares worth N7.89 billion were exchanged.

FIDELITYBK (-2.12%) dominated the volume chart with 254.05 million units exchanged, while GTCO (+4.18%) won the value chart with 1.57 billion in transactions. NB (+9.63%) led twenty-four (24) other companies on the leader’s board, while TRANSCORP (-5.23%) led fourteen (14) other companies on the laggard’s board.

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