Bulls sustain dominance on NGX as index crosses 42,000 mark -GCFRNG

Bulls sustain dominance on NGX as index crosses 42,000 mark -GCFRNG

The bulls held sway over the Nigerian Exchange Ltd (NGX) on Friday with the All-Share Index crossing the 42,000 mark with sustained gains.

Specifically, the index rose 77.46 points or 0.18 percent to close at 42,038.60 from 41,961.14 on Thursday.

In addition, the market capitalization that opened at N21.898 billion obtained N40 billion or 0.18 percent to close at N21.938 billion.

An analysis of the price movement chart shows that 31 stocks registered a price appreciation against 18 laggards.

Guinness topped the winners chart in percentage terms with 10 percent to close at N36.30 per share.

Custodian Insurance followed with 9.74 percent to close at N8.45, while AIICO was up 9.73 percent to close at N1.24 per share.

UPL lagged 9.60 percent to close at N2.17, while Wema Bank gained 9.46 percent to close at 81,000 per share.

On the other hand, Regency Alliance topped the losers table in percentage terms at 9.76 percent to close at 37,000 per share.

CWG came in second with 9.60% to close at N1.13, while Sovereign Trust Insurance fell 8.33% to close at 22,000 a share.

Royal Exchange fell 5.66 percent to close at 50,000, while Dangote Sugar lost 5.56 percent to close at $ 17 a share.

Furthermore, the turnover of traded shares closed higher as investors bought and sold 1.13 billion shares worth N13.78 billion in 5458 deals.

This contrasts with the 558.89 million shares valued at N4.40 billion traded in 4,683 trades on Thursday.

Eterna dominated the activity chart with 801.28 million shares worth N10.79 billion.

FBN Holdings represented 56.98 million shares valued at N645.12 million, while Transcorp represented 27.94 million shares worth N29.78 million.

Wema Bank sold 23.53 million shares valued at N18.51 million, while AIICO traded 21.79 million shares worth N27.02 million.

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Bulls sustain dominance on NGX as index crosses 42,000 mark -GCFRNG

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