Transactions at the Nigerian Exchange Limited (NGX), closed positive for the third day as market capitalisation and the all-share index appreciated.
Amid the rising inflation, naira devaluation, and foreign exchange crisis, in the country, the stock market has remained resilient.
Transaction on the floor of the Nigerian Exchange Limited (NGX), Stock market closed positive on Wednesday, 6th March 2024.
This is the third consecutive bullish run of the NGX in the current trading week.
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The NGX All-Share Index appreciated by 401.18bps or 0.40% to close at 99,591.64bps from the previous close of 99,192.82bps.
NGX’s Market Capitalisation closed at ₦56.310 trillion, as investors raked in ₦227 billion.
An aggregate of 416,477,831 units of shares was traded in 9,338 deals valued at ₦19.5 billion
Gainers And Losers
Transcorp Power Plc led other gainers with 9.99% growth to close at ₦319.40 from its previous price of ₦290.40
Transcorp, FBN Holdings, and Africa Prudential Plc all gained as their share prices rose by 9.96%, 9.95%, and 9.49% respectively.
Ikeja Hotel and Tantalizers Plc shed 10% each off their share prices to close at ₦6.75, and N0.36, respectively.
NASCON Allied Industries, Eco Bank, and Livestock Feeds Plc also declined by 9.97%, 9.96%, and 9.82% respectively.
Volume Drivers
Transcorp Plc traded about 67.339 million units of its shares in 349 deals, valued at ₦1.279 billion.
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FBN Holding Plc traded about 47.685million units of its shares in 441 deals, valued at ₦1.548 billion
GTCO Plc traded about 37.470 million units of its shares in 441 deals, valued at ₦1.555 billion
