NGX: Trading closes on upbeat trend, indices up by 0.09%

First City Monument Bank (FCMB) rose by 6.06 percent to close at N3.50 per share, while United Bank for Africa (UBA) grew by 3.42 percent to close at N7.55 per share.

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Nigerian Exchange [Photo Creadit: Business Live Nigeria]

Trading on the Nigerian Exchange Ltd. (NGX), remained upbeat on Friday for the second consecutive day.

Specifically, market capitalisation gained N23 billion to close at N26.805 trillion from N26.782 trillion recorded on Thursday.

Similarly, the All Share Index increased by 42.87 points or 0.09 percent, to close at 49,695.12 compared with 49,652.25 achieved on Thursday.

As a result, the Year-to-Date gain increased to 16.34 percent.

The market breadth was negative as 10 stocks advanced and 16 declined.

On the performance level, NEM Insurance led the gainers with 7.62 percent share price appreciation closing at N5.65 per share.

Chams followed by 6.9 percent to close at 31k per share.

First City Monument Bank (FCMB) rose by 6.06 percent to close at N3.50 per share, while United Bank for Africa (UBA) grew by 3.42 percent to close at N7.55 per share.

Also, Flour Mills increased by 3.41 percent to close at N30.30 per share.

On the other hand, Honeywell Flour Mills led the losers’ chart by 10 percent to close at N2.25 per share.

LearnAfrica came next, dropping by 8.91 percent to close at N2.25 per share.

Linkage Assurance fell by 7.69 percent to close at 48k per share, while WAPIC went down by 7.32 percent to close at 38k per share.

Jaiz Bank depreciated by 4.49 percent to close at 85k per share.

Sterling Bank was the most active stock, traded with the highest volume of 173.84 million shares worth N252.13 million.

It was followed by UBA, which transacted 54.07 million shares valued at N400.61 million.

Zenith Bank sold 14.02 million units of shares at N281.44 and Chams transacted 13.97 million shares worth N4.09 million.

Transcorp traded 6.39 million shares valued at N6.82 million.