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Nigerian Exchange Limited

Airtel Africa, Ecobank, Others Gained as Stocks Market Closed in Green

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Stock - Investors King

The Nigerian Exchange Limited (NGX) extended its gain by 1.29 percent on Wednesday as sentiment improved across the board.

Activity level surged as investors exchanged 328,997,020 shares valued at N4.817 billion in 4,219 transactions, against 247,694,304 shares worth N3.577 billion that exchanged hands in 4,242 deals during the trading hours of Tuesday.

Market value of all listed equities rose by N318 billion to N25.073 trillion from N24.755 trillion recorded on Tuesday. NGX All-Share Index appreciated by 1.29 percent to 46,529.99 index points.

The NGX banking index gained 132bps on ETI (+9.55%), Sterling Bank (+3.12%), UBA (+1.23%) and Access Bank (+0.52%).

However, the NGX consumer goods index shed 39bps on Cadbury (-9.47%), Champion (-7.84%), PZ (-2.86%) and Dangote Sugar (-2.82%). Gainers were Honey Flour (+3.03%) and NB (+0.11%).

Similarly, the NGX oil and gas index closed down 59bps on Eterna (-3.94%), Oando (-1.05%) and Seplat (-0.63%). The NGX industrial index shed 189bps on  -4.76% declined on BUA Cement.

The Exchange year-to-date return rose to 8.93 percent. See top gainers and losers below.

Top Gainers

Symbols Last Close Current Change %Change
AIRTELAFRI N 1155.50 N 1271.00 115.50 10.00 %
ETI N 9.95 N 10.90 0.95 9.55 %
COURTVILLE N 0.55 N 0.60 0.05 9.09 %
ACADEMY N 0.79 N 0.86 0.07 8.86 %
LEARNAFRCA N 1.29 N 1.40 0.11 8.53 %

Top Losers

Symbols Last Close Current Change %Change
CADBURY N 9.50 N 8.60 -0.90 -9.47 %
PRESTIGE N 0.46 N 0.42 -0.04 -8.70 %
CHAMPION N 2.55 N 2.35 -0.20 -7.84 %
LINKASSURE N 0.56 N 0.52 -0.04 -7.14 %
NEIMETH N 1.90 N 1.80 -0.10 -5.26 %

Top Trades

Symbols Volume Value
MULTIVERSE 57599031.00 11887559.70
MBENEFIT 48257904.00 12131889.11
GTCO 36746847.00 936852160.50
CHAMS 22060702.00 4584597.42
NB 13368201.00 632535523.00

Is the CEO and Founder of Investors King Limited. He is a seasoned foreign exchange research analyst and a published author on Yahoo Finance, Business Insider, Nasdaq, Entrepreneur.com, Investorplace, and other prominent platforms. With over two decades of experience in global financial markets, Olukoya is well-recognized in the industry.

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