NGX reports equities gain of N28bn

By Philemon Adedeji

The Nigerian Exchange (NGX) closed on a positive note amidst sell-offs and buy-interests as the benchmark All Share index (ASI) appreciated by 44 basis points.

The NGX ASI closed the market February 16th, 2022 at 47109.25 points to reflect a growth of 0.09 per cent from the previous trading day.

Meanwhile, the market capitalisation increased by N28billion.

At the close of market on Wednesday 16th of February 2022, the stock exchange market value currently stands at N25.389trillion from N25.361trillion in the previous trading day.

The stock market has advanced 4394.88 base from the beginning of this year.

Wednesday NGX ASI top gainers

From the data released by NGX, the stock market recorded 19 gainers and 15 losers. Among the five top gainers LEARNAFRICA PLC emerged as the best gainers with 9.94 per cent or N0.18 to close at N1.99 per share, While SCOA follows with 9.55 per cent or 0.17 to close  N 1.95 per share, RTBRISCOE gained 8.70  per cent or 0.04 to close at 0.05 per share, VERITASKAD gained 8.70 per cent or 0.02 to close at N0.02 per share and JAPAULGOLD gained 8.50 per cent or N0.38 to close at N 0.03 per share.

Wednesday NGX ASI worst losers

UPDC down at -6.36 to close at N0.37

Regalins down -5.13 per cent to close at N0.03

Cileasing down at -4.70 per cent to close at No.18

Prestige down at -4.44 per cent to close at N0.02

Chams down at -4.35 per cent to close at N0.01

The market sentiments trend towards the bulls with the market differential being in favour of the advancers 19 gainers surpassed 15 losers.