Nigeria’s equities market furthered its upward movement on Wednesday, June 9 as investors continued to buy attractive counters, thanks to industrial and banking stocks.
Trading on the Nigerian Exchange (NGX) Limited closed with NGX All Share Index (ASI) and Market Capitalisation moving from preceding day’s 38,881.7 points and N20.266trillion respectively to 39,170.95 points and N20.416trillion. All sectoral indices closed in the green zone.
The NGX ASI increased by 0.74 percent while the value of listed stocks increased by N150billion.
The market’s negative return year-to-date (YtD) has decreased to -2.73 percent.
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Cutix Plc led the advancers league after its share price rose from N2.30 to N 2.53, up 23kobo or 10percent. It was followed by that of Okomu Oil Plc which increased from N106.15 to N116.50, up by N10.35 or 9.75percent and Union Bank Plc, which rose from N5.30 to N 5.80, adding 50kobo or 9.43percent.
In 3,217 deals, equity dealers exchanged 181,526,454 units valued at N3.959billion. Zenith Bank, Sterling Bank, GTBank, FBN Holdings and Fidelity Bank were most traded stocks on the NGX Limited.
