HomeBusinessNigerian Bourse Dey Hot, Near N100 Trillion Mark!

Nigerian Bourse Dey Hot, Near N100 Trillion Mark!

Wetin dey happen for Nigerian stock market? E be like say good time don land as NGX market capitalisation dey waka close to N100 trillion mark. You fit imagine, dem dey pop champagne for the trading floor. Just the first trading session wey open for new year, market don show strong sign, All-Share Index (ASI) don climb by 1.92% to settle at 156,492.36 points.

According to Beta traders for CardinalStone Securities, na bargain hunting wey drive this performance, especially among plenti companies like BUAFOODS, ARADEL and ACCESSCORP wey dey shine like star. Meanwhile, na small plenti company dem dey de hype, while FIRSTHOLDCO, NB and SEPLAT dey lose ground. BUA Foods even burst the market with 6.80% gain, thanks to consumers wey dey craze for am.

For the trading wey happen today, the market don see nice gain of 0.57%, all thanks to ARADEL (+7.51%), ACCESSCORP (+9.52%), and ZENITHBANK (+4.37%). E be like say dem don shele parry for market as 53 stock dey gain against just 10 wey dey drop.

And no be only dat, the ABCTRANS, FTNCOCOA, MBENEFIT, and DEAPCAP all land with sweet news for today’s trade, each posting 10.00% gains. But na only ABBEYBDS (-6.25%) wey dey struggle, dem dey top the losers’ table. Despite all these gains, trading volume don fall by 64.22% to 439.95 million units.

Sector wey dey lead na Banking Index wey gain 2.32%, thanks to ACCESSCORP wey dey trans young wealth like fire. The Insurance Index join body for the ride, rising by 2.07% as WAPIC show muscles with 7.69%. The Oil & Gas Index still dey push at 1.38%, and even the Consumer Goods Index dey catch cruise with 0.21% rise.

For week wey just waka pass, total turnover enter 7.8 billion shares wey worth N134.4 billion across 150,799 deals. Na real hustle, my people. For the week, e no easy, and market come perform steady, climbing higher each day wey dem dey trade, finally busting that big 156,000 benchmark wey dem never touch before.

E be like say optimistic vibes don take over the market, as 73 stocks dey gain, while just 23 dey fall back. Na big victory for investors as dem dey see plenti opportunities to ride this new momentum. As the new year don start, e fit bring better prosperity for all dem wey dey invest for this market. Just stay tuned, because e look like say we dey head for bigger achievements.


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John Okafor
John Okaforhttps://nnn.ng/
John Okafor na reporter for NNN. NNN dey publish hot-hot tori for Nigeria and around di world for naija pidgin language so dat every Nigerian go fit follow national news, no mata dia level of school. NNN dey only publish tori wey be true-true, wey get credibility, wey dem fit verify, wey get authority, and wey dem don investigate well-well.
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