By Christiana Akinola(Siwes Student, Polytechnic Iresi.)
Purchasing activity in banking stocks, such as Zenith Bank and Access Holdings, boosted NGX’s investor value by N85 billion.
The market capitalization rose by 0.22% to N39.649 trillion, showcasing growing investor confidence.
The All-Share Index (ASI) sees a 0.22% increase, reaching 72,455.83.
Year-to-Date performance at 41.37% signals a promising market outlook.
Banking stocks like FCMB, UBA, and Fidelity Bank attracted increased investor interest, contributing to market buoyancy.
Market breadth remains positive, with 27 gainers surpassing 26 decliners in a day marked by significant volatility.
Gainers’ chart highlights Infinity and Johnholt, leading with gains of 9.83% and 9.73% respectively.
Ikeja Hotel, Daar Communications, and E-Tranzact each recorded climbs of over 7.5%.
On the decliners’ side, RTBriscoe and UPDCreit took the lead with dips of 9.84% and 9.78% respectively.
Mutual Benefits Assurance, Omatek, and Sovereign Trust Insurance experienced declines of 9.43%, 7.79%, and 7.69% respectively.
The total volume traded decreased by 10% to 446.58 million units valued at N7.266 billion in 6,845 deals.
