{"id":29225,"date":"2022-06-11T07:02:39","date_gmt":"2022-06-11T07:02:39","guid":{"rendered":"https:\/\/www.withinnigeria.com\/broadnews\/?p=29225"},"modified":"2022-06-11T07:02:39","modified_gmt":"2022-06-11T07:02:39","slug":"ngx-market-indicators-record-marginal-growth-up-0-06","status":"publish","type":"post","link":"https:\/\/www.withinnigeria.com\/broadnews\/2022\/06\/11\/ngx-market-indicators-record-marginal-growth-up-0-06\/","title":{"rendered":"NGX: Market indicators record marginal growth, up 0.06%"},"content":{"rendered":"<header class=\"entry-header\" aria-label=\"Content\">\n<p class=\"entry-title\"><span class=\"s1\">The <a href=\"https:\/\/www.withinnigeria.com\/broadnews\/2022\/06\/10\/fixed-income-securities-traded-on-ngx-appreciate-by-n687-1bn-in-may\/\">Nigerian Exchange Ltd.(NGX)<\/a> on Friday recorded the first gain of the week appreciating marginally by 0.06 per cent due to bargain hunting in some large and medium stocks.<\/span><\/p>\n<\/header>\n<div class=\"entry-content\">\n<p class=\"p1\"><span class=\"s1\">Accordingly, the market capitalisation gained 17 billion to close at N28.681 trillion in contrast with N28.664 trillion on Thursday.<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">Also, the All-Share Index rose by 0.06 per cent to close at 53, 201.38 compared with 53, 170.73 posted on Thursday.<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">The drivers of the positive performance were stocks of Fidson, Presco, First City Monument Bank(FCMB) Transcorp, among others.<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">Market breadth, however, closed negative as 14 stocks advanced while 15 declined.<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">A breakdown of the price movement chart indicated that Fidson<span class=\"Apple-converted-space\">\u00a0\u00a0<\/span>Pharmaceuticals dominated the gainers\u2019 chart in percentage terms, appreciating by 9.59 per cent, to close at N12, per share.<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">FTNCocoa followed with 9.09 per cent to close at 36k, while Courtville Business Solution improved by 8.51 per cent to close at 51k, per share.<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">Jaiz Bank rose by 7.78 per cent to close at 97k, while<span class=\"Apple-converted-space\">\u00a0\u00a0<\/span>FCMB appreciated by 7.69 per cent to close at N3.50, per share.<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">Conversely, MRS led the losers\u2019 chart in percentage terms, losing 9.76 per cent, to close at N14.80, per share.<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">TIP followed with a decline of 9.09 per cent to close at 40k, while Learn Africa lost<span class=\"Apple-converted-space\">\u00a0\u00a0<\/span>four per cent to close at N2.16, per share.<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">Oando dipped 3.23 per cent to close at N6 while AIICO shed 2.94 per cent each to close at 60k per share.<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">However, the total volume of shares transacted stood at to 273.24 million shares, valued at N2.64 billion in 4,584 deals.<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">Transcorp drove the activity chart, accounting for 103.42 million shares valued at N144.33 million.<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">Guaranty Trust Holding Company (GTCo) came second with 17.89 million shares valued at N393.92 million, while First Bank of Nigeria Holdings (FBNH) traded 15.73 million shares worth N160.78 million.<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">Zenith Bank sold 14.74 million shares valued at N336.84 million. <\/span><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>The Nigerian Exchange Ltd.(NGX) on Friday recorded the first gain of the week appreciating marginally by 0.06 per cent due to bargain hunting in some large and medium stocks. Accordingly, the market capitalisation gained 17 billion to close at N28.681 trillion in contrast with N28.664 trillion on Thursday. Also, the All-Share Index rose by 0.06 [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":18645,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jnews-multi-image_gallery":[],"jnews_single_post":[],"jnews_primary_category":[],"footnotes":""},"categories":[19],"tags":[3625],"class_list":["post-29225","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-nigerian-exchange-ltd-ngx"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.8 (Yoast SEO v27.8) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>NGX: Market indicators record marginal growth, up 0.06% &#187; BROAD NEWS \u2014 WITHIN NIGERIA<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.withinnigeria.com\/broadnews\/2022\/06\/11\/ngx-market-indicators-record-marginal-growth-up-0-06\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"NGX: Market indicators record marginal growth, up 0.06%\" \/>\n<meta property=\"og:description\" content=\"The Nigerian Exchange Ltd.(NGX) on Friday recorded the first gain of the week appreciating marginally by 0.06 per cent due to bargain hunting in some large and medium stocks. Accordingly, the market capitalisation gained 17 billion to close at N28.681 trillion in contrast with N28.664 trillion on Thursday. 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