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Thursday, May 19, 2022

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Nigeria’s equity market closes at 0.32% up as MTN lift index

Nigeria’s equity market on Thursday closed on a positive note as gain in shares of locla unit of South Africa’s telecoms firm MTN and 22 others triggered growth in the market index,

Market index rose 0.32 percent to reversed the negative trrend in the previous trading day.

All-Share Index (ASI) grew by 124.62 basis points, representing an increase of 0.32 per cent, to close at 39,670.29 basis points from 39,545.67 basis points.

The market cap of equities listed on the NGX increased to N20.669 trillion from N20.604 trillion as on the previous day.

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The total volume traded closed with an exchange of 201.840 million units valued at N1.68 billion traded in 3,274 deals.

The market breadth was positive with 23 gainers as against 16 losers.

The NGX 30 Index increased by 0.38 percent to close at 1,643.25 points as against 1,636.97 points as on the previous day. Market turnover closed with traded volume of 72.40 million units.

Lafarge Africa and MTNN were the key gainers, while Nigerian Breweries and Ecobank were the key losers.

Analysing of perfromance showed that Lafarge Africa, Access Bank, First Bank Holding and MTn dominated the gainers chart, While  the Insurance (-0.9per cent ) index declined while Nigerian beweries, Ecobank, Sterling Bank, FCMB and United Capital were the laggers at the day trading.

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