NGX records marginal gains as investors wind up for yuletide

The week began well for trading at the Nigerian Stock Exchange Limited, with the All-Share Index closing at 72,404.91 points, appreciated by 0.02 percent.

The market was characterized by a relatively low turnover value and volume on Monday, as investors are anticipated to close up their accounts for the year, according to the trade figure.

The market capitalization closed at N39.621 trillion, with equity gains of N8.6 billion.

The volume of trade increased to 324.25 million units from 307.15 million units on Friday. The trade value, which was N6.57 billion last Friday, decreased to N4.40 billion.

Consequently, the top gainers are: INFINITY, which closed at N3.10 with a gain of 9.93%; JOHNHOLT, which closed at N2.45% with a gain of 9.87%; TRANSCOHOT, which closed at N51.30 with a gain of 9.38%; SCOA, which closed at N1.89 with a gain of 8.622%; and FTNCOCOA, which closed at N1.57 with a gain of 7.533%.

ABCTRANS, ETRANZACT, RTBRISCOE, +8.33 percent to close at N0.55, SOVRENINS, +7.69 percent to close at N0.36, NAHCO, +7.60 percent to close at N25.00, and +9.89 percent to close at NO.82 are the losers in this regard.

With 42.08 million units, MBENEFIT (-4.00%) led the pack in terms of volume. UBA (+0.41%) came in second with 28.72 million units, TRANSCORP (+0.14%) with 24.09 million units, STERLINGNG (-1.20%) with 20.21 million units, and ZENITHBANK (-0.13%) with 17.15 million units.

ZENITHBANK (-0.13%) with N635.32 million, MTNN (0.00%) with N593.55 million, GTCO (-0.75%) with N434.22 million, ACCESSCORP (-0.90%) with N343.17 million, and UBA (+0.41%) with N689.91 million were the top five in terms of value.

Tier-1 banks suffered greatly from trading; UBA (+0.41 percent) saw price gains while GTCO (-0.75 percent), ACCESSCORP (-0.90 percent), ZENITHBANK (-0.13 percent), and FBNH (-0.43 percent) saw price reductions.

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