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Business News

NGX All-Share Index Crosses 135,000 Milestone After 0.53% Rise

All Share Index NGX

The Nigerian Exchange (NGX) Limited appreciated by 0.53 per cent on Monday as the demand for equities continues to increase.

The bourse closed in green despite the banking sector recording profit-taking, with its index declining by 0.69 per cent at the close of transactions.

The insurance sector appreciated by 2.54 per cent, the consumer goods industry rose by 1.29 epr cent, the industrial goods space improved by 0.64 per cent, and the energy index grew by 0.22 per cent.

At the close of business, the All-Share Index (ASI) went up by 713.58 points to 135,166.51 points from 134,452.93 points and the market capitalisation grew by N400 billion to finish at N85.455 trillion compared with the preceding session’s N85.055 trillion.

On the first trading day of the week, the market posted a turnover of 795.6 million shares worth N23.2 billion in 37,626 deals compared with last Friday’s 681.2 million shares valued at N17.0 billion exchanged in 26,931 deals, indicating an increase in the trading volume, value, and number of deals by 16.79 per cent, 36.47 per cent, and 39.71 per cent, respectively.

Fidelity Bank traded 123.0 million equities valued at N2.6 billion, FCMB transacted 68.4 million stocks for N670.1 million, Japaul exchanged 44.1 million shares valued at N126.8 million, Zenith Bank sold 31.0 million equities worth N2.3 billion, and Access Holding traded 29.1 million stocks valued at N816.8 million.

During the session, Academy Press was the best-performing equity after chalking up 9.99 per cent to close at N10.24, Champion Breweries appreciated by 9.98 per cent to N13.55, Tripple Gee gained 9.97 per cent to settle at N3.86, May and Baker improved by 9.94 per cent to N18.80, and UAC Nigeria rose by 9.92 per cent to N60.40.

On the flip side, Livestock Feeds declined by 10.00 per cent to N8.10, The Initiates tumbled by 9.98 per cent to N14.52, Ellah Lakes slipped by 9.08 per cent to N8.91, NGX Group lost 6.02 per cent to N75.00, and Thomas Wyatt depreciated by 5.54 per cent to N2.90.

Business Post reports that Customs Street recorded 45 price gainers and 25 price losers, indicating a positive market breadth index and strong investor sentiment.