Market Cap Adds N703bn Amid Investors’ Positive Sentiment Kayode Tokede Positive sentiments returned to the stock market of the Nigerian Exchange Limited (NGX) as investors renewed interest in listed f
Positive sentiments returned to the stock market of the Nigerian Exchange Limited as investors renewed interest in listed fundamental stocks.
Accordingly, the NGX All-Share Index advanced by 2.52per cent week-on-week to close at 52,512.48 basis points from 51,222.34 basis points. The Exchange in its report said, “The Financial Services Industry led the activity chart with 952.237 million shares valued at N9.728 billion traded in 9,647 deals; thus contributing 74.07 per cent and 32.83 per cent to the total equity turnover volume and value respectively.
“Trading in the top three equities namely FBN Holdings Plc, Sterling Bank Plc, and Guaranty Trust Holding Company Plc accounted for 507.852 million shares worth N5.707 billion in 2,585 deals, contributing 39.50per cent and 19.26 per cent to the total equity turnover volume and value respectively.
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