NGX: Market cap holds above N92trn

The Nigerian All-Share Index (ASI) rose by 485.2 points to close yesterday’s trading session on a positive note at 146,204.3 points. This represents a 0.33% increase from 145,719.1 points in the previous session, pushing the year-to-date performance to an impressive 42.05%, even as trading volume slowed. Market activity eased, with a total of 346.9 million […]

The Nigerian All-Share Index (ASI) rose by 485.2 points to close yesterday’s trading session on a positive note at 146,204.3 points.

This represents a 0.33% increase from 145,719.1 points in the previous session, pushing the year-to-date performance to an impressive 42.05%, even as trading volume slowed.

Market activity eased, with a total of 346.9 million shares traded, down from 525.6 million recorded the previous day.

Market capitalization rose to N92.7 trillion across 24,691 deals, firmly holding above the N92 trillion mark.

On the gainers’ chart, EUNISELL and CAVERTON hit the daily 10.00% limit, leading the market’s top performers.

Conversely, FTNCOCOA shed 6.67%, while TANTALIZER declined 3.35%, emerging as the day’s major laggards.

Among the most actively traded stocks were FIDELITY BANK and DANGOTE CEMENT, which accounted for a significant portion of market turnover.

DANGOTE CEMENT also dominated the value chart, recording trades worth N11 billion.