Nigerian Stock Market Opens Week Strong with N400bn Gain
Stock Market Kicks Off Week with N400bn Surge The Nigerian Exchange (NGX) opened the week on a bullish note, gaining N400 billion as investor confidence lifted major stocks. đ Key Market Indicators: All-Share Index (ASI): â˛Â 0.53% to 135,166.51 points Market Cap: â˛Â N400bn to N85.455 trillion Market Breadth: 45 Gainers vs 25 Losers đ Top 5 Gainers Academy Press â˛Â 9.99% (N10.24) Champion Breweries â˛Â 9.98% (N13.55) Triple Gee â˛Â 9.97% (N3.86) May & Baker â˛Â 9.94% (N18.80) UACN â˛Â 9.92% (N60.40) đ Top 5 Losers Livestock Feeds âźÂ 10% (N8.10) The Initiates Plc (TIP) âźÂ 9.98% (N14.52) Ellah Lakes âźÂ 9.08% (N8.91) Nigerian Exchange Group âźÂ 6.02% (N75.00) Thomas Wyatt âźÂ 5.54% (N2.90) đš Trading Activity Highlights Total Volume: â˛Â 11.47% to 795.59 million units Total Value: N23.23 billion in 37,626 deals Most Active Stocks: Fidelity Bank â 123.01m shares (N2.58bn) FCMB Group â 68.41m shares (N670.14m) Japaul Gold â 44.09m shares (N126.77m) đŽ Market Outlook: Cautiously Optimistic âWe expect sustained positive momentum barring any major economic shocks.ââ Futureview Group
