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NGX reverses negative trend, up by 0.01%

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 Trading on Nigerian Exchange Ltd NGX gained marginally on Tuesday as market capitalisation increased by N3 billion or 0 01 per cent to close at 26 670 trillion against N26 667 trillion on Monday Similarly the All Share Index appreciated by 5 10 basis points or 0 01 per cent to close at 49 445 31 against 49 440 21 on Monday Consequently the year to date YTD return increased to 15 75 per cent Investors demand in shares of Tier one banks such as FBN Holdings and Zenith Bank drove the performance of the market Also equities that participated in the trading ended with 11 gainers and 14 losers A breakdown of the price movement table indicated that RT Briscoe led the gainers table growing by 10 per cent to close at 33k per share FBN Holdings followed with a gain of five per cent to close at N10 50 and Linkage Asurance gained by 4 35 per cent to close at 48k per share Regency Alliance Insurance appreciated by four per cent to close at 26k while Mutual Benefits Assurance increased by 3 70 per cent to close at 28k per share On the other hand Total topped the losers chart dropping by 9 98 per cent to close at N211 10 per share Learn Africa trailed with a loss of 9 71 per cent to close at N1 86 and Honeywell Flour Mills dropped by 8 13 per cent to close at N2 26 per share Cutix was down by 6 98 per cent to close at N2 while NPFi Mcrofinance declined by 6 63 per cent to close at N1 55 per share In all the volume of trade rose by 61 72 per cent as investors bought and sold 147 59 million shares valued at N2 39 billion transacted in 3 323 deals This was in contrast with 67 37 million shares worth N1 48 billion exchanged in 3 386 deals on Monday Guaranty Trust Holding Company GTCO was the toast of investors with an exchange of 35 82 million shares worth N693 69 million It was trailed by Capital Hotel having accounted for 21 57 million shares valued at N73 54 million and FBN Holdingss sold 20 01 million shares worth N208 92 million Zenith Bank traded 11 09 million shares valued at N219 15 million while Chams sold 7 87 million shares worth N2 35 million NewsSourceCredit NAN
NGX reverses negative trend, up by 0.01%

Exchange Ltd

Trading on Nigerian Exchange Ltd. (NGX) gained marginally on Tuesday as market capitalisation increased by N3 billion or 0.01 per cent to close at 26.670 trillion against N26.667 trillion on Monday.

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All Share Index

Similarly, the All Share Index appreciated by 5.10 basis points or 0.01 per cent to close at 49,445.31 against 49,440.21 on Monday.

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Consequently, the year-to-date (YTD) return increased to 15.75 per cent.

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Holdings and Zenith Bank

Investors’ demand in shares of Tier-one banks such as FBN Holdings and Zenith Bank drove the performance of the market.

Also, equities that participated in the trading ended with 11 gainers and 14 losers.

A breakdown of the price movement table indicated that RT Briscoe led the gainers’ table, growing by 10 per cent to close at 33k per share.

FBN Holdings

FBN Holdings followed with a gain of five per cent to close at N10.50 and Linkage Asurance gained by 4.35 per cent to close at 48k per share.

Regency Alliance Insurance

Regency Alliance Insurance appreciated by four per cent to close at 26k, while Mutual Benefits Assurance increased by 3.70 per cent to close at 28k per share.

On the other hand, Total topped the losers’ chart, dropping by 9.98 per cent to close at N211.10 per share.

Learn Africa

Learn Africa trailed with a loss of 9.71 per cent to close at N1.86 and Honeywell Flour Mills dropped by 8.13 per cent to close at N2.26 per share.

Cutix was down by 6.98 per cent to close at N2, while NPFi Mcrofinance declined by 6.63 per cent to close at N1.55 per share.

In all, the volume of trade rose by 61.72 per cent as investors bought and sold 147.59 million shares valued at N2.39 billion transacted in 3,323 deals.

This was in contrast with 67.37 million shares worth N1.48 billion exchanged in 3,386 deals on Monday.

Guaranty Trust Holding Company

Guaranty Trust Holding Company (GTCO) was the toast of investors with an exchange of 35.82 million shares worth N693.69 million.

Capital Hotel

It was trailed by Capital Hotel having accounted for 21.57 million shares valued at N73.54 million and FBN Holdingss sold 20.01 million shares worth N208.92 million.

Zenith Bank

Zenith Bank traded 11.09 million shares valued at N219.15 million, while Chams sold 7.87 million shares worth N2.35 million.

NewsSourceCredit: NAN

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