Business and Economy

NGX All-Share Index snaps up 5bps gain on Thursday

The Nigerian stock market NGX All-Share Index experienced a 0.05% increase today Thursday, ending the day at 98,169.30 points. The positive performance was driven by gains in MTNN (+0.20%), TRANSCOHOT (+9.75%), and UBA (+0.44%), which outweighed losses in ZENITHBANK (-0.55%), GTCO (-0.14%), and FBNH (-6.33%). Despite this, the market is still set for another week of losses. The year-to-date return climbed to 31.29%, with market capitalization increasing by ₦26.64bn to ₦55.52trn.

There was a decrease in trade turnover compared to the previous session, with transaction value dropping by 31.95%. A total of 297.20m shares valued at ₦6.52bn were traded in 7,417 deals. ZENITHBANK (-0.55%) led both the volume and value charts with 48.49m units traded at ₦1.77bn. STERLINGNG (-9.69%) was at the top of the list of decliners, while TRANSCOHOT (+9.75%) led the list of gainers along with fifteen others.

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