Investors gain N131bn at stock market

The Nigerian Exchange Limited (NGX) market capitalisation, on Tuesday, September 17, 2024, added 0.23 per cent or N131 billion to an opening of N56.002 trillion to close at N56.133 trillion.

The All-Share Index also gained 0.23 per cent or 229 points to close at 97,685.64 points, against 97,456.62 points recorded on Friday, September 13.

As a result, the ASI year-to-date return increased by 30.64 per cent.

Investors’ interest in Geregu, FBN Holdings, Guaranty Trust Holding Company (GTCO), United Bank for Africa (UBA), and Dangote Sugar, among other advanced equities, drove the market to a positive terrain.

However, market breadth closed flat with 26 gainers and 26 losers on the floor of the Exchange.

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On the gainers’ chart, FBN Holdings and Flour Mill led 24 other advanced stocks by 10 per cent each to close at N31.90 and N54.50 per share, respectively.

Conversely, Eterna led 25 other declined stocks on the losers chart by 10 per cent to close at N27.90 per share.

Analysis of the market activities showed trade turnover settled higher relative to the previous session, with the value of transactions up by 45.31 per cent.

Investors exchanged 471.30 million shares valued at N9.40 billion in 12,061 deals, compared with 412.90 million shares valued at N6.47 billion traded in 8,803 deals posted in the previous session.

Meanwhile, Japaul Gold led the activity chart in volume chart with 72.27 million shares, while FBN Holdings led in value with deals worth N1.46 billion.

The Star