Nigerian Stock Market Extends Strong Performance, 10 Companies Top Gainers List
The Nigerian Stock Market continued its strong performance on Tuesday, August 13, with 10 companies topping the list of gainers. The NGX Index ASI and market capitalization appreciated, driven by sustained buying interest, particularly in the insurance sector.
Notable advances were seen in stocks like Ellah Lakes Plc, Lafarge Plc, and WAPCO. The ASI added basis points to close at a higher level, with market capitalization settling at trillion.
Trading activity saw a mixed trend, with total volume falling but total value increasing. Lasaco Assurance Plc led in terms of total trade volume, while Holding Company Plc GTCO led in total traded value.
Overall market breadth closed positive with 49 gainers and 29 losers. Sectoral performance was largely negative, with three out of five major indices declining.
The dollar exchange rate also saw fluctuations, falling to N5 in the official market and in the black market. Traders in the parallel market shared the new exchange.
Plus234Feed summary based on reporting from Legit NG. Read the original report below.
Read full article
Continue on Legit NG
Get the week in one email
Top stories, NPFL results, the naira — every Friday morning. Free, one email a week.
Related Stories
Stock Market Extends Positive Momentum, Gains N111bn on Demand for Lafarge, Others
Nigeria Stock Market Rebounds, Closes Week Positive, Investors Gain N425bn
Nigerian Stock Market Gains N190 Billion in Single-Day Surge
Nigerian Stock Market Sees Mixed Results Despite Strong Performances
From Caution to Confidence, Nigeria’s Stock Market Sustains Rally
NGX Witnesses Market Rally Led by Banks and WAPCO, Hits ₦986 Billion
Get Plus234Feed on messaging apps
Same headlines, delivered where you already scroll.
