By Abimbola Ogunnaike
Investors at the Nigerian Exchange Limited, NGX, as are currently smiling after they gained N146.95 billion in market capitalization as the All-Share index soared by 259.90 points to close Friday, 22 March, 2024 at 104,647.37 points.
The development further heightened investors’ confidence as the total market capitalization hit N59.17 trillion at the close of trading on Friday.
Accordingly, the financial sector significantly pioneered the gains recorded in the market.
The market sentiment stayed buoyant, with NSLTECH leading the pack of 34 advancing stocks with a notable 10 per cent increase in its stock value.
In contrast, IKEJAHOTEL and PZ registered a 10 percent dip each, positioning them as the least favourable performers amidst the 14 stocks that saw a decline.
Regarding trading volume, ACCESSCORP dominated the day’s activity, while GTCO stood out regarding value traded.
Overall market operations experienced an increase, with the number of deals reaching 9,574 for the day, an uptick from the previous session’s 8,790 deals.
Regarding top-traded stocks, there was a remarkable surge in the total volume of shares traded, with an increase of 168.37 million. This represents a 49.99 per cent jump, culminating in 505.19 million units traded, up from the previous session’s 336.82 million units.
Leading the volume of trades were ACCESSCORP, exchanging 75.78 million units, followed closely by FBNH with 75.09 million units, GTCO with 64.12 million units, ZENITH BANK with 47.66 million units, and FIDELITY BANK with 37.53 million units.
