Investors smiled home at the end of the day’s trade, after a sporadic surge of 0.51% led to a ₦510 billion gain.
Many of the investors that smiled home after the trading session of Tuesday, August 29, would not have believed they could make so much gain, if they had been told a day before.
As the NGX All-Share Index (ASI) rose by 0.51% to 66,490.34 points from 66,151.38, to surpass a 15-year highest value of 66,371.20 recorded on March 5, 2008.
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The Nigerian Exchange Limited (NGX) market capitalisation also rose from ₦36.21 trillion recorded on Monday to close at ₦39.69 trillion.
Investors traded a total of 436,956,185 shares in 7,932 deals, with a market value of ₦7.013 billion.
Other indices that performed well include, the NGX Banking Index experienced the most significant daily gain, rising by 1.63%, -1.65% 1WK; +55.29% YTD.
Following closely were the NGX Consumer Goods Index, with a 0.99% increase, +9.52% 1WK; +81.99% YTD, and the NGX Industrial Index, which had a 0.21% uptick.
Not less than 119 NGX listed equities participated in trading, ending with 34 gainers and 32 losers.
Flour Mills Nigeria led the gainers with 10% share price appreciation, closing at ₦33.00 per share, followed by Champion Breweries (+10%), National Salt Company (+9.96%) and Dangote Sugar Refinery (+9.95%).
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On the losing side, Computer Warehouse Group came out last with an end-of-day price depreciation of 10% at ₦4.05 per share, followed by Linkage Assurance (-10%), Chellarams (-9.85%) and Prestige Assurance Company (-9.8%).
FBN Holdings recorded the highest volume of 55.1 million traded shares, followed by Japaul Gold and Ventures (33.1m), United Bank for Africa (30.2m) and Access Holdings (25.4m).
