ABC Transport Leads Gainers’ Chart on NGX After 9.86% Growth

Customs Street closed higher by 0.54 per cent during the trading session after ABC Transport led the gainers’ chart with a 9.86 per cent rise to settle at N1.56.

Further, VFD Group improved its value by 9.62 per cent to N17.10, Learn Africa expanded by 9.54 per cent to N3.56, Regency Alliance soared by 9.43 per cent to 58 Kobo, and Africa Prudential rose by 8.63 per cent to N15.10.

On the flip side, Tripple G depreciated by 10.00 per cent to N1.98, MRS Oil went down by 9.95 per cent to N157.50, Abbey Mortgage Bank lost 9.95 per cent to trade at N8.79, John Holt declined by 9.68 per cent to N7.00, and Austin Laz shed 9.57 per cent to sell for N1.89.

Yesterday, investors traded 744.8 million equities worth N18.3 billion in 11,226 deals compared with the 353.3 million equities valued at N7.2 billion sold in 13,734 deals on Tuesday, indicating a decline in the number of deals by 18.26 per cent and a jump in the trading volume and value by 110.81 per cent and 154.17 per cent, respectively.

Fidelity Bank led the activity log with 388.8 million shares sold for N7.8 billion, GTCO exchanged 47.0 million stocks valued at N2.9 billion, Universal Insurance transacted 41.9 million equities worth N21.0 million, Access Holdings traded 30.6 million shares valued at N705.6 million, and Tantalizers exchanged 23.0 million equities worth N52.8 million.

Business Post reports that the banking and the consumer goods indices gained 2.93 per cent and 1.25 per cent apiece, the insurance and the energy sectors fell by 0.81 per cent and 0.09 per cent, respectively, and the industrial goods and commodity industries closed flat each.

The All-Share Index (ASI) increased by 538.69 points at midweek to 105,283.67 points from 104,744.98 points and the market capitalisation grew by N338 billion to N66.159 trillion from N65.821 trillion.