NGX ASI crosses 72,000 points as stocks rally continues

…Year-to-date return now +41.07%

Nigeria’s equities market furthered its rally on Wednesday by 0.55 percent, the third consecutive time this week, which pushed the market’s year-to-date (YtD) return to +41.07 percent.

Investors booked about N215billion gain as the market’s benchmark performance indicator crossed 72,000 points.

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Bank stocks were actively traded on the Nigerian Exchange Limited (NGX). Top traded stocks include Access Corporation, GTCO, Zenith Bank, Sterling Financial Holding Company and UBA.

Stocks that helped the market reach this high include Transcorp Hotels and Access Corporation.

Transcorp Hotels share price rose most from day-open low of N43.90 to N46.90, after adding N3 or 6.83 percent.

It was followed by that of Access Corporation which increased from N20.40 to N22.05, adding N1.65 or 8.09 percent.

While SCOA rose from N1.62 to N1.78, adding 16kobo or 9.88 percent, Infinity Trust Mortgage Bank also increased from N2.13 to N2.34, up by 21kobo or 9.86 percent.

At the close of trading on Wednesday December 13, the Nigerian Exchange Limited (NGX) All-Share Index (ASI) and Market Capitalisation increased further from 71,907.26 points and N39.348trillion respectively to 72,299.79 points and N39.563trillion.

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In 6,650 deals, investors exchanged 433,180,106 shares worth N8.076billion.