Business and Economy

NGX All-Share Index rose 0.69% to settle at 51,222.34 points and investors gain N193 billion on Friday

On Friday January 6th, the NGX All-Share Index rose 0.70% to settle at 51,222.34 points as the Nigerian Stock Exchange made up session losses to close the week and investors gaining N193 billion. The market capitalization lost N15.64 billion to close at N27.899 trillion, and the year-to-date (YTD) return was -0.06%.

The NGX All-Share Index experienced a 0.06% decrease week-over-week, wiping out the prior week’s gains despite having increased in three (3) of the four (4) trading sessions this week. The main causes of the week’s loss were AIRTELAFRI (-5.20% w/w), BUACEMENT (-1.79% w/w), and NESTLE (-1.82% w/w).

An increase in investor interest in AIRTELAFRI (+3.33%) and DANGCEM (+0.38%) helped the market perform better, offsetting declines in NESTLE (-1.82%) and ZENITHBANK (-0.41%).

With the value of transactions increasing by 307.38% trade turnover settled higher than it had the previous session. 3,650 transactions totaling 195.74 million shares worth N7.45 billion were completed. With 41.90 million units exchanged, FBNH (+1.36%) dominated the volume chart, while BUACEMENT (+0.00%) won the value chart with transactions totaling 2.90 billion.

Market breadth ended the day in the negative with a ratio of 1.07 dropping issues to advancing ones. PZ (-9.09%) led fifteen (15) other participants in the laggard’s log, and NEIMETH (+8.39%) won the gainer’s table against fourteen (14) other participants.

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