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Investors’ On NGX Premium Board Stocks Gain N4trn In 9 Months

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Investors’ in the Nigerian Exchange (NGX) Premium Board stocks gained N4 trillion in nine months, from January to September 2023, LEADERSHIP has learnt.

The NGX Premium Board capitalisation as at September 29, 2023 stood at N15.609 trillion, controlling 24.69 per cent of the total market capitalisation. It gained N4 trillion as against N11.609 it closed trading for the year. Also, the NGX Premium Board Index during the period under review, grew by 43.67per cent to outperformed the NGX-All Share Index , which gained by 29.52 per cent in nine months.

The chief operating officer of InvestData Consulting Limited, Mr. Ambrose Omordion said that the Premium board has performance well and the stocks listed on the platform drive market index performance, saying that stocks listed on the board have sound and good fundamentals and also foreign investors’ choice.

Speaking on UBA performance in H1, 2023, Group managing director and chief executive of UBA, Mr. Oliver Alawuba said, the exceptional performance underscored the Group’s commitment to consistently deliver value to its shareholders.

 

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