Records in life are meant to be made and broken.
A few months ago, the Nigerian Exchange Limited (NGX) broke the record for hitting the highest all-share index at 90,000bps.
Today, the NGX ASI broke another record hitting 100,00bps as investors gained ₦420 billion.
Trading at the Nigerian Exchange Limited (NGX) ended on a positive note for the fourth day as investors made ₦420 billion gain.
Not many expected the market to be this bullish after the poor outing of the previous week which closed on a bearish note.
Have You Read: NGX: Market Cap Up By ₦227bn As ASI Closes At 401.18bps
The NGX All-Share Index (ASI) broke a historic record on Thursday, March 7, 2024, rising by 0.75% to close at 100,335.30bps
This brings the NGX ASI, year-to-date to 34.86%, the month-to-date to 0.37%, and the week-to-date to 1.60% respectively.
The NGX market capitalisation also appreciated by ₦420 billion to close at ₦56.731 trillion from the previous day ₦56.730trillion
A total of 554,716,666 units of shares was traded in 9,708 deals valued at ₦17.7 trillion.
Gainers And Losers
MTN Nigeria and Dangote Sugar led the gainer’s table with 10% growth each to close at ₦201.30 and ₦50.60 respectively
Transcorp Power, Juli, and NASCON Allied Industries Plc share prices grew by 9.99%, 9.96%, and 9.92% respectively.
Leading the decliners are FTN Cocoa Processors and Guinness Nigeria Plc who shed 10% each off their share prices to close at ₦1.53, and ₦45.90 respectively
Transcorp, Ikeja Hotel, and Red Star Express Plc amongst other losers also shed their share prices by 9.95%, 9.93%, and 9.87% respectively.
Volume Drivers
Transcorp Plc traded about 301.363 million units of its shares in 2,184 deals, valued at ₦5.656 billion.
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Sterling Financial Holding Plc traded about 33.320million units of its shares in 191 deals, valued at ₦150.785 million
First Bank of Nigeria Holding (FBNH) Plc traded about 23.211 million units of its shares in 402 deals, valued at ₦773.912 million
