Investors gain N146.95bn in market capitalization at NGX

Investors at the Nigerian Exchange Limited, NGX, gained N146.95 billion in market capitalization as the All-Share index soared by 259.90 points to close Friday 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.

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.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Crisis Raises Fear of Dividend Forfeiture for Nigerian Retail InvestorsRetail investors in Nigeria may lose their dividends in the coming years as listed companies struggle to recover from the economic crisis. Several multinational firms have incurred significant losses, and it is expected that they will prioritize stability over dividend payments until they fully recover.
Source: GuardianNigeria - 🏆 1. / 94 Read more »