• Login
  • Register
Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
Nairametrics
No Result
View All Result
Home Markets Equities Stock Market

MTN leads NGX to third consecutive gain adding N99 billion in market cap

Ajibola Akamo by Ajibola Akamo
June 7, 2022
in Stock Market
MTN Group Limited, NLC

An MTN signpost

Share on FacebookShare on TwitterShare on Linkedin

The Nigerian exchange has now extended its winning streak, adding N99 billion in capitalization today, attributable to gains majorly from MTNN and contributions from others like UACN, GLAXOSMITH and GSPECPLC. The three-day winning streak is on the back of a four-day losing streak that saw the NGX close the previous week falling from a recorded high as it declined by 2.18%. This is an indication that investors’ confidence is returning to the market.

The All-share Index (ASI) gained 0.35% from 53,086.46 basis points to close at 53,270.88 basis point. In the same vein, the Market Capitalization also gained 0.35% to close at N28.72 trillion. Year-to-Date (YtD), the NGX is still one of the top-performing markets in the world as it has gained 24.71% so far.

Market breadth closed positive as GSPECPLC led 16 gainers, and 15 losers topped by CUTIX at the end of today’s session. On a sectoral level, 2 of the 5 major indices of the Nigerian Exchange closed positive. NGX Banking and Industrial Indices gained 0.29% and 0.04%. The NGX Consumer Goods and Insurance sector closed negative by 0.26% and 0.37% respectively. While the Oil and Gas sector closed flat.

RelatedStories

Karl Toriola, MTN Nigeria

NCC vs MTN: AGF to decide on criminal charges facing CEO Karl Toriola 

July 2, 2025
MTN

NCC approves three-year national roaming deal between MTN Nigeria and 9Mobile 

July 2, 2025

NGX Top ASI gainers   

  • GSPECPLC up +10.00% to close at N2.75
  • JAIZBANK up +7.95% to close at N0.95
  • JAPAULGOLD up +6.67% to close at N0.32
  • GLAXOSMITH up +5.11% to close at N7.20
  • UACN up +4.55% to close at N11.50

NGX Top ASI losers  

  • CUTIX down – 10.00% to close at N2.61
  • CADBURY down – 5.93% to close at N16.65
  • FTNCOCOA down – 5.56% to close at N0.34
  • WAPIC down – 4.76% to close at N0.40
  • HONYFLOUR down – 4.55% to close at N3.15

Top 3 by Volume  

  • TRANSCORP – 30,433,252
  • UBA – 25,800,966
  • CHAMS – 20,524,790

Top 3 by Value 

  • NGXGROUP – N459,962,000.90
  • AIRTELAFRI – N336,632,937.00
  • UBA – N201,338,264.85

Follow us for Breaking News and Market Intelligence.
Tags: ASIMTN NigeriaNGXStock Exchange market
Ajibola Akamo

Ajibola Akamo

Ajibola Akamo is an Investment Analyst, Financial Analyst, Economist and Accountant. You may contact him via his email ajibolaakamo@yahoo.com

Related Posts

Karl Toriola, MTN Nigeria
Legal & Regulations

NCC vs MTN: AGF to decide on criminal charges facing CEO Karl Toriola 

July 2, 2025
MTN
Companies

NCC approves three-year national roaming deal between MTN Nigeria and 9Mobile 

July 2, 2025
Wema Bank, Custodian Investment exits NGX 30 index
Equities

Aradel, Wema Bank join NGX 30 index after semi-annual rebalancing 

July 2, 2025
MTN gains as SWOOTs capitalization close at N18.835 trillion.
Sectors

MTN Nigeria backs FG’s 3MTT initiative with N3 billion grant 

June 24, 2025
Access Bank
Financial Services

Inside Access Bank’s N180 billion claims against MTN 

June 13, 2025
TotalEnergies
Equities

Why Total Energies’ Q1 2025 profit crashed: What investors should watch  

June 11, 2025
Next Post
Winners emerge in the Stanbic IBTC Reward4Saving promo Season 2

Strengthening Nigeria's healthcare system through strategic partnerships

Comments 1

  1. Abdulazeez Saidu says:
    June 8, 2022 at 12:16 pm

    Thanks again

    Reply

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Emple
nlng
first bank








DUNS

Recent News

  • GETMEDCO and Sterling Bank forge groundbreaking partnership to elevate healthcare access  
  • Beta Glass 51st AGM: Doubles dividend to N1.76Bn as PAT surges 112% in 2024  
  • Naira stuck at N2,200/£ as British pound faces correction  

Follow us on social media:

Recent News

GETMEDCO and Sterling Bank forge groundbreaking partnership to elevate healthcare access  

GETMEDCO and Sterling Bank forge groundbreaking partnership to elevate healthcare access  

July 3, 2025
Beta Glass 51st AGM: Doubles dividend to N1.76Bn as PAT surges 112% in 2024  

Beta Glass 51st AGM: Doubles dividend to N1.76Bn as PAT surges 112% in 2024  

July 3, 2025
  • iOS App
  • Android App
  • Contact Us
  • Home
  • Markets
  • Sectors
  • Economy
  • Business News
  • Financial Literacy
  • Disclaimer
  • Ads Disclaimer
  • Copyright Infringement

© 2025 Nairametrics

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Social Media Auto Publish Powered By : XYZScripts.com
No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Login
  • Sign Up

© 2025 Nairametrics