….Index crosses 120,000 points
Investors’ interest in stocks like Oando, Dangote Sugar Refinery, CWG and other major gainers helped to push Nigeria’s equities market higher by 1.22 percent at the close of trading on Wednesday.
The benchmark performance indicator – the All Share Index (ASI) – crossed the 120,000 points mark as the market rally continues.
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The year-to-date (YtD) return stood higher as well, reaching 17.81 percent. This month, the market has risen by 8.52 percent, while week-to-date (WtD), the Index has risen by 2.64 percent.
The Nigerian Exchange Limited (NGX) All-Share Index (ASI) and equities market capitalisation increased from the preceding day’s 119,790.82 points and N75.576 trillion to 121,257.69 points and N76.761 trillion.
Looking at the top gainers list shows that Oando rose from N62.50 to N68.75, adding N6.25 or 10 percent. Dangote Sugar Refinery also moved from N44 to N48.40, adding N4.40 or 10 percent.
Read also: Nigeria stocks record 12.15% return year-to-date
Champion Breweries increased from preceding day’s low of N9.92 to N10.91, adding 99kobo or 9.98 percent.
Also, C&I Leasing share price rose from N4.71 to N5.18, up 47 kobo or 9.98 percent, while CWG increased from N10.55 to N11.60, up by N1.05 or 9.95 percent.
Fidelity Bank, Caverton, Japaul Gold, Zenith Bank and Access Holdings were actively traded on Wednesday as investors in 22,896 deals exchanged 861,670,987 shares worth N26.176 billion.
