Bulls Resurgace in NGC as investors earn N309.7 billion

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The Nigerian stock market closed with a positive note on Wednesday, with the index of any shared NGX (as) rising by 0.35 percent to close to 142,036.23 basic points.

The upward feeling resurfaced in the National Action Market, since the demand for holding of Aradel, Cement de Dangote and the first holdings promoted the highest thus 0.4 percent, having appreciated in the value of the shares by 7.0 percent, 1.0 percent and 5.0 percent, respectively.

Total market capitalization increased by ₦ 309.66 billion to ₦ 89.87 billion.

Therefore, monthly and year returns to date were set at +0.1 percent and +38.0 percent, respectively.

The feeling of the market was submitted, reflected in a negative amplitude, with 26 shares advancing against 31 decliners.

On the performance board, Chellaram led the 22 winners, while Guinea Insurance exceeded 27 lagging.

The sectorial performance was mixed, with decreases in banking and insurance, while the sectors of consumer, oil and gas, industrial and basic products increased by 0.90 percent, 2.59 percent, 0.06 percent and 1.25 percent, respectively.

The commercial activity closed with a mixed note, with the number of agreements that decrease by 8.29 percent to 23,281, while the volume and negotiation value obtained by 142.09 percent and 90.46 percent to close one billion units and ₦ 24.66 billion, respectively.

Abbey Mortgage Bank dominated the negotiation volume, representing 401.07 million units of shares, while Aradel Holdings led the value table with agreements worth ₦ 6.88 billion.

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