NGX extends rally as investors record massive N861bn gain

The Nigerian banal marketplace sustained its upward momentum connected Wednesday, delivering an further N861 cardinal summation to investors.

Market capitalization accrued by 0.61 percent, rising from N140.523 trillion to N141.384 trillion. In the aforesaid vein, the All-Share Index precocious by 1,336.39 points, oregon 0.61 percent, to adjacent astatine 219,586.20, up from 218,249.81 recorded successful the erstwhile session.

The year-to-date instrumentality improved to 41.11 percent, portion marketplace breadth remained positive, with 31 stocks signaling gains against 28 losers.

Leading the gainers’ table, Transcorp Hotels, Vitafoam, UAC of Nigeria, and Chemical and Allied Products each appreciated by 10 percent, closing astatine N223.30, N143, N121, and N110, respectively.

On the downside, Neimeth Pharmaceuticals topped the losers’ chart, declining by 10 percent to adjacent astatine N9 per share. Abbey Mortgage Bank fell by 9.85 per cent to N5.95, portion Livingtrust Mortgage Bank dropped by 8.94 per cent to N3.36. ABC Transport mislaid 8.65 per cent to adjacent astatine N5.70, and Haldane McCall slipped by 6.23 per cent to N3.61 per share.

Trading enactment declined during the session, with full measurement falling by 18.85 percent to 683.68 cardinal shares valued astatine N36.17 billion, exchanged successful 51,694 deals.

First HoldCo emerged arsenic the astir progressive stock, accounting for 76.64 cardinal shares worthy N5.78...