Emmanuel Ochayi
In a shift, the NGX’s bullish trend sees a surge beyond 80,000 points, with notable gains dominated by players like Jberger and Omatek.
This upward trajectory pushes the All-Share Index to 80,324.53 points, marking a milestone for the market.
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As predicted, the equities gained N363 billion, propelling the market cap to N43.957 trillion. What’s catching attention is the 33.3% surge in traded volume and an appreciable increase in trade value, signaling an intensified market activity compared to previous sessions.
Amidst this upward momentum, the spotlight shines on top gainers: Jberger, Cutix, Jaizbank, Lasaco, and Cornerst, all showing a solid 10% gain in their respective stock prices.
However, some stocks faced declines, notably Daarcomm, Eterna, and CWG.
The trading landscape witnessed movements with Transcorp leading in both volume and value, closely followed by FCMB, Fidelity Bank, and others, marking a robust trading day.
The SWOOT and FUGAZ categories experienced varied shifts, with MTNN facing a decline while Zenith Bank and GTCO celebrated price gains.
Today’s trading session paints a picture of the market’s resilience, showcasing tech and emerging firms driving the surge beyond the 80,000 benchmark, underlining a shift in investor sentiment and potential growth areas.
Emmanuel Ochayi is a journalist. He is a graduate of the University of Lagos, School of first choice and the nations pride. Emmanuel is keen on exploring writing angles in different areas, including Business, climate change, politics, Education, and others.
