Business and Economy

NGX All-Share Index rebounds with 0.29% gain and market capitalization up by N88.05 billion on Thursday

After yesterday’s trading losses, the Nigerian stock market recovered today with the NGX All-Share Index increasing by 0.29% to settle at 55,670.24 points, and with the the year-to-date (YTD) return increasing to 8.62% and the market capitalization by N88.05 billion to close at N30.33 trillion.

Trade turnover however experienced a 50.45% decrease in transaction value. At the end of trading a total of 4,385 transactions involving 206.11 million shares worth N3.26 billion were completed.

AIRTELAFRI (+0.89%), was the main factor in the market’s upward movement. TRANSCORP (-7.97%) topped the volume chart, while AIRTELAFRI (+0.89%) topped the value table with trades totaling 959.11 million. DANGSUGAR (+9.94%) led eleven (11) other laggards while TRANSCORP (-7.97%) led twenty (20) other laggards on the laggard’s ledger.

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