NGX Indices Improve Further by 0.14 Per Cent

The Nigerian Exchange Group’s indices rose by 0.14 per cent on Friday as bargain hunters sought out dividend-paying stocks.

The All-Share Index climbed 59.15 points or 0.14 per cent to close at 41,763.26 from 41,704.11 on Thursday.

Furthermore, the market capitalization, which opened at N21,763 trillion, increased by N31 billion or 0.14 per cent to close at N21,794 trillion.

Cutix led the list in percentage terms, gaining 10 per cent to trade at N6.05 per share.

Next came Unilever with a gain of 9.85 per cent to N14.50, followed by ABC Transport with a 9.68 per cent gain to N34k per share.

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PZ Cussons gained 9.26 per cent to close at N5.90, while Total gained 6.17 per cent to close at N204.90 per share.

Conversely, NEM Insurance was the biggest loser by percentage, dropping by 8.57 per cent to close at N1.92 per share.

The Ikeja Hotels dropped 7.83 per cent to close at N1.06, while the NGX Group fell 6.58 per cent to close at N22 per share.

Wapic Insurance lost 5.88 per cent to close at 48k, while NASCON lost 5.48 per cent to close at N14.65 per share.

However, the volume of shares traded closed higher as investors bought and sold 510.19 million shares valued at N5.87 billion in 5,485 transactions.

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On Thursday, 216.19 million shares worth N3.38 billion were traded in 4,272 transactions.

FBN Holdings led activity, exchanging 154.39 million shares worth N1.91 billion.

Ecobank Transnational Incorporated followed with 56.09 million shares worth N421.53 million, while Transcorp traded 31.95 million shares worth N32.32 million.

The NGX Group accounted for 29.87 million shares worth N72.32 million, while Wema Bank exchanged 24.12 million shares valued at N17.41 million.

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