NGX All share index crosses 70,000 mark, first time in history

The Nigeria Exchange (NGX) continued its bullish run in what was a very positive trading day as the All-Share Index crossed the 70,000 mark for the first time in history, closing at 70,581.76 points at the close of business yesterday. The equities market gained 1.94% as the market capitalisation appreciated by N739 billion to close […]

The Nigeria Exchange (NGX) continued its bullish run in what was a very positive trading day as the All-Share Index crossed the 70,000 mark for the first time in history, closing at 70,581.76 points at the close of business yesterday.

The equities market gained 1.94% as the market capitalisation appreciated by N739 billion to close at N38.778 trillion. 

 The market had in the last three days gained N1.357 trillion representing a very positive trading period. 

Already, total transactions in the equity market hit N2.71 trillion as of September end, 38% higher than the corresponding period in 2022.

 The positive rally this week has been enhanced by gains recorded by big stocks such as Airtel Africa, First Bank, UBA, and Northern Nigeria Flour Mills. 

Yesterday, the market witnessed 7,444 deals, a drop from the previous day’s 8.027 deals. However, there was a 24.5% appreciation in trading volume as 601.732 million units were traded today, with a trading value of N11.02 billion, an 82.45% appreciation from yesterday’s N6.04 billion. 

In terms of trading volume, UBA (+0.48%) led with 163.56 million units, followed by FBNH (+9.78%) with 94.65 million shares. GTCO (+1.72%) came in third place with 45.75 million shares, followed by ACCESSCORP (+4.37%) with 36.69 million shares, and UNIVINSURE (+8.33%) with 34.72 million shares. 

 In terms of value, UBA led the chart with N3.47 billion, followed by FBNH with N1.84 billion, GTCO with N1.60 billion, AIRTEL AFRI with N694.06 million, and ACCESSCORP with N641.99 million.