It was a back-to-back bullish run for the investors at the Stock Market section of the Nigerian Exchange Limited (NGX) who maintained a winning streak throughout the week.
The stock market’s major benchmark index appreciated by 0.99% at the close of trade.
Transaction on the floor of the Stock Exchange on Friday March 8, 2024, sustained a fifth-day consecutive bullish run and closed the last trading day of the week on a positive note.
The All Share Index appreciated by 0.99% to settle at 101,330.85 from the previous close of 100,335.30.
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This brings the year-to-date to 35.85%, the month-to-date to 1.36%, and the week-to-date to 2.59% respectively.
Market Capitalisation closed at ₦‎57.293 trillion. An aggregate of 358,122,421 units of shares was traded in 10,786 deals valued at ₦‎19.8 billion.
Gainers And Losers
MTN Nigeria Communications Plc led other gainers with 9.99% growth each to close at ₦‎221.40 from its previous price of ₦‎201.30
Dangote Sugar Refinery and NASCON Allied Industries both saw their share prices rise by 9.98% and 9.97% respectively.
Ikeja Hotel Plc was among the gainers whose share price grew by 9.87%.
Leading the major decliners of the day is FTN Cocoa Processors Plc shedding 9.80% of its share price to close at ₦‎1.35.
C&I Leasing, Guinness Nigeria, and Guinea Insurance Plc amongst other losers saw their share prices plummet by 8.66%, 8.39%, and 7.89% respectively.
Volume Drivers
Transcorp Plc traded about 92.868 million units of its shares in 1,088 deals, valued at ₦‎1.572 billion.
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Transcorp Power Plc traded about 30.507million units of its shares in 2,744 deals, valued at ₦‎11.645 billion
United Bank for Africa (UBA) Plc traded about 2.185 million units of its shares in 482 deals, valued at ₦‎570.225 million.
