See top 5 gainers as Nigerian stock market hits new high

• The Nigerian banal marketplace recorded different beardown show arsenic investors made implicit N1 trillion
• Data showed that stocks similar Oando, Dangote Sugar Refinery, CWG and different large gainers helped propulsion the market
• Fidelity Bank, Caverton, Zenith Bank, Japaul Gold and Access Holdings were mostly traded stocks

Legit.ng journalist Dave Ibemere has implicit a decennary of acquisition successful business journalism, with in-depth cognition of the Nigerian economy, stocks, and wide marketplace trends.

Nigeria’s equities marketplace extended its rally connected Wednesday, June 25, with the benchmark scale crossing the 120,000-point people for the archetypal time.

Data from Nigerian Exchange (NGX) showed that the All-Share Index (ASI) surged by 1.22% to adjacent astatine 121,257.69 points, gaining 1,466.87 points from the erstwhile session’s 119,790.82.

Investors marque much wealth arsenic the Nigerian banal marketplace rallies Photo credit: Nurphoto
Source: Getty Images

Market capitalisation besides roseate importantly to N76.76 trillion, up from N75.58 trillion, indicating that investors made N1.18 trillion.

The market’s year-to-date instrumentality climbed to 17.81%, portion the month-to-date and week-to-date performances stood astatine 8.52% and 2.64%, respectively.

Here is simply a snapshot of the banal marketplace connected Wednesday

At the extremity of trading, investors successful 22,896 deals exchanged 861,670,987 shares worthy N26.176 billion.

The marketplace was driven by beardown buying involvement successful stocks similar Oando, Dangote Sugar Refinery, CWG, and other large gainers.

Top gainers

• Dangote Sugar Refinery gained N4.40, rising from N44.00 to N48.40 per stock (+10.00%).
• Oando gained N6.25, moving from N62.50 to N68.75 per stock (+10.00%).
• Champion Breweries accrued by N0.99, rising from N9.92 to N10.91 per stock (+9.98%).
• C&I Leasing precocious by N0.47, moving from N4.71 to N5.18 per stock (+9.98%).
• Computer Warehouse Group roseate by N1.05, expanding from N10.55 to N11.60 per stock (+9.95%).

Top losers

• University Press declined by N0.40, falling from N6.40 to N6.00 per stock (−6.25%).
• RT Briscoe dropped N0.15, decreasing from N2.45 to N2.30 per stock (−6.12%).
• Multiverse Mining and Exploration mislaid N0.45, moving from N9.20 to N8.75 per stock (−4.89%).
• Meyer declined by N0.45, falling from N9.60 to N9.15 per stock (−4.69%).
• Consolidated Hallmark Holdings shed N0.13, decreasing from N3.13 to N3.00 per stock (−4.15%).

Oando, Dangote Sugar, CWG stocks propulsion marketplace higher Photo credit: Bloomberg/contributor
Source: Getty Images

Top progressive trades

• Fidelity Bank recorded a turnover of 82.98 cardinal shares valued astatine N1.66 billion.
• Caverton traded 64.18 cardinal shares worthy N319.69 million.
• Zenith Bank exchanged 60.62 cardinal shares valued astatine N3.45 billion.
• Japaul Gold recorded 56.26 cardinal shares worthy N115.35 million.
• Access Holdings traded 48.59 cardinal shares, amounting to N1.12 billion

Access Bank buys different large bank

Earlier, Legit.ng reported that Access Bank Plc has afloat acquired Standard Chartered Tanzania’s Consumer, Private, and Business Banking division

The determination volition now let Access Bank to supply fiscal services to SMEs, women, and high-net-worth individuals.

Access Bank besides announced that it has taken implicit Standard Chartered successful the Gambia aft 130 years of operations.

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Source: Legit.ng