Nigerian Exchange Group Leads Market Pioneers To Increase Market Cap To N54.81 Billion – Nairametrics

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The Nigerian Exchange Group (NGXGROUP), as a listed company listed on the Nigerian Stock Exchange, led the winners today, raising the share price 10.00% to close at 21.45 N. 19,000 933 Stock exchange units were traded today, valued at N369.93 million.

In the two trading days so far, NGXGROUP has recorded gains of 20% from the week at 17.75 N and currently valued at 21.45 N.

The group was admitted to the daily price list of the Nigerian Exchange Limited on Monday, following the successful listing of 1,964,115,918 ordinary shares valued at N16.15 per share on its main board on Friday.

Market performance

The Nigerian forex market closed on a positive note amid massive selling and buying interest, as the benchmark All-Share (ASI) rose 26 basis points.

The NGX ASI closed at 41,249.71 points, reflecting 0.26% growth from the previous trading day and a cumulative annual return (YTD) of 2.43%. Meanwhile, the market capitalization increased by 54.81 billion naira.

As of today’s market close, Wednesday, October 20, 2021, the stock market value currently stands at 21.53 trillion naira compared to 21.47 trillion naira on the previous trading day.

Market width closed positively as NGXGROUP led 21 PRESTIGE-dominated winners and 18 losers at the end of today’s session.

The stock market has advanced 978.99 basis points year-to-date.

The best NGX ASI winners

  • NGXGROUP up + 10.00% to close at 21.45 N
  • GLAXOSMITH up + 6.87% to close at 7.00 N
  • NPFMCRFBNK up + 5.85% to close at N1.81
  • WAPIC up + 4.17% to close at 0.50 N
  • FBNH up + 3.83% to close at N12.20

The big losers of the NGX ASI

  • PRESTIGE down –8.51% to close at 0.43 N
  • ACADEMY down -8.33% to close at 0.33 N
  • CHIPLC down -8.33% to close at 0.55 N
  • CADBURY down -5.88% to close at N8.00
  • UBN down 5.66% to close at N5.00

NGX ASI leads trade in volume

  • FBNH – 147,601,710 units
  • ETRANZACT – 105 166 888 units
  • ACCESS – 27,854,834 units
  • TRANSCORP – 22,292,997 units
  • GTCO – 20,595,381 units

NGX ASI leads the way in terms of value

  • FBNH – N1 756 369 828.65
  • GTCO – N612,908,183,40
  • NESTLE – N541,699,034,30
  • NGXGROUP – N379 327 108.05
  • ZENITHBANK – N297 907 459.70

Market sentiment is trending towards the bulls, with the market differential favoring advances as 21 winners outweighed 18 losers.


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