Nigerian Exchange Market Capitalization Grows 0.92% to N89.74trn, 49 Equities Gain

The Nigerian Exchange (NGX) witnessed a 0.92% increase in market capitalization, reaching N89.74 trillion on September 21. Out of the 90 equities traded, 49 gained while 41 declined.

The Financial Services Industry dominated trading activities, with a total turnover of billions of shares valued at billions of naira. Notable gainers included Mortgage Bank Plc, Fidelity Bank Plc, and United Bank for Africa.

The All-Share Index (ASI) also rose by points compared to the previous week. While 40 equities appreciated, 70 depreciated.

Sectoral indices mostly closed higher, except for the NGX ASEM Index, which remained flat. This data indicates the market's performance and investor sentiment for the week.