Investors gain N167bn at stock market

Investors’ sustained interest in Zenith Bank, FBN Holdings, Dangote Sugar, and WAPCO, among other advanced equities lifted the Nigerian stock market by N167 billion on Wednesday, November 20, 2024.

The Nigerian Exchange Limited (NGX) market capitalization added N167 billion or 0.26 per cent to an opening of N59.367 trillion, to close at N59.534 trillion.

The All-Share Index also advanced by 0.26 per cent or 255.2 points to settle at 98,227.50, against 97,972.33 recorded on Tuesday.

As a result, the Year-To-Date (YTD) return rose to 31.37 per cent.

Market breadth also closed positive with 39 gainers and 28 losers.

On the gainers’ table, Austin Laz & Company and Tantalizers led by 10 per cent each to close at N2.20 and 99k per share, respectively.

Naira trades N1,687/$ at official market

WAPCO gained 9.98 per cent to close at N55.65, Honeywell Flour advanced by 9.95 per cent to close at N4.53, while Eunisell also increased by 9.94 per cent to close at N15.93 per share.

Conversely, Northern Nigeria Flour Mill (NNFM) and RT Briscoe led the losers’ table by 10 per cent each to close at N33.75 and N2.61 per share, respectively.

Multiverse declined by 9.43 per cent to close at N7.20, Daar Communications lost 7.46 per cent to close at 62k, while McNichols shed 5.41 per cent to close at N1.40 per share.

On the stock market activities, trade turnover settled higher relative to the previous session, with the value of transactions up by 31.58 per cent.

A total of 370.52 million shares valued at N8.45 billion were exchanged in 10,026 deals, against 333.95 million shares valued at N6.42 billion traded in 9,187 deals posted previously.

Again, Access Corporation led the activity chart in volume with 22.99 million shares, while Seplat led the chart in value of deals worth N1.37 billion.

The Star