NGX closes positive with market cap up by N39 billion

The Nigerian Bourse (NGX) closed positive amidst buy-interests and sell-offs as bulls dominated proceedings, driving up the broad market by 16 basis points. The All-share Index (ASI) appreciated by 0.16% to close at 44,859.78 points.

In the same vein, market capitalization grew by N39.02 billion to close at N24.43 trillion, while the year-to-date (YtD) returns settled at 5.02%. The stock market has advanced by 2,143.34 base points since the start of the year.

The SWOOTs capitalization closed positive, driven by changes in BUACEMENT at the end of the trading session.

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Market breadth closed negative as MULTIVERSE led 12 gainers, and 19 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 negative, with NGX Banking and Consumer Goods indices down by 0.93% and 0.39% respectively, while NGX Insurance, Oil & Gas and Industrial index grew by 0.92%, 0.32 and 1.14 respectively.