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NGX gains N32bn ahead independence celebration

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 The Nigerian Exchange NGX Ltd closed the week on a bullish note Friday with market capitalisation gaining N32 billion or 0 12 per cent to close at N26 451 trillion against N26 419 trillion on Thursday Also the All Share Index went up by 59 33 basis points or 0 12 per cent to close at 49 024 16 compared with 48 964 83 on Thursday The upturn was impacted by gains recorded in stocks such as FBN Holdings Jaiz Bank Guinness and NGX Group Accordingly the market breadth closed positive with 17 gainers in contrast with 10 laggards RT Briscoe led the gainers chart in percentage terms by 9 68 per cent to close at 34k per share Mayer and Baker followed with a gain of 9 63 per cent to close at N4 10 while Guinness appreciated by 9 29 per cent to close at N82 90 per share Jaiz Bank rose by 8 43 per cent to close at nine kobo while UPDC Plc appreciated by 8 42 per cent to close at N1 03 per share On the other hand Ikeja Hotel led the losers chart in percentage terms by 9 68 per cent to close at N1 12 per share Sovereign Trust Insurance followed with 6 9 per cent to close at 27k while Nigerian Aviation Handling Company NAHCO shed 3 51 per cent to close at N5 50 per share UPDC Real Estate Investment Trust lost 3 12 per cent to close at N3 10 per share In all the total volume of shares traded increased by 61 58 per cent to 356 73 billion shares worth N3 74 billion traded in 3 219 deals This was in contrast with 220 78 million shares valued at N2 25 billion transacted in 3 195 deals the previous day NewsSourceCredit NAN
NGX gains N32bn ahead independence celebration

Nigerian Exchange

The Nigerian Exchange (NGX) Ltd. closed the week on a bullish note Friday, with market capitalisation gaining N32 billion or 0.12 per cent to close at N26. 451 trillion against N26.419 trillion on Thursday.

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All-Share Index

Also, the All-Share Index went up by 59.33 basis points or 0.12 per cent to close at 49, 024.16 compared with 48,964.83 on Thursday.

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Jaiz Bank

The upturn was impacted by gains recorded in stocks such as FBN Holdings, Jaiz Bank, Guinness and NGX Group.

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Accordingly, the market breadth closed positive with 17 gainers in contrast with 10 laggards.

RT Briscoe led the gainers’ chart in percentage terms by 9.68 per cent to close at 34k per share.

Mayer and Baker

Mayer and Baker followed with a gain of 9.63 per cent to close at N4.10, while Guinness appreciated by 9.29 per cent to close at N82.90 per share.

Jaiz Bank

Jaiz Bank rose by 8.43 per cent to close at nine kobo, while UPDC Plc appreciated by 8.42 per cent to close at N1.03 per share.

On the other hand, Ikeja Hotel led the losers’ chart in percentage terms by 9.68 per cent to close at N1.12 per share.

Sovereign Trust Insurance

Sovereign Trust Insurance followed with 6.9 per cent to close at 27k, while Nigerian Aviation Handling Company (NAHCO)  shed 3.51 per cent to close at N5.50 per share.

UPDC Real Estate Investment Trust

UPDC Real Estate Investment Trust lost 3.12 per cent to close at N3.10 per share.

In all, the total volume of shares traded increased by 61.58 per cent to 356.73 billion shares worth N3.74 billion traded in 3,219 deals.

This was in contrast with 220.78 million shares valued at N2.25 billion transacted in 3,195 deals the previous day.

NewsSourceCredit: NAN

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