{"id":75431,"date":"2023-08-29T21:10:46","date_gmt":"2023-08-29T20:10:46","guid":{"rendered":"https:\/\/nationalwire.com.ng\/?p=75431"},"modified":"2023-08-29T21:10:46","modified_gmt":"2023-08-29T20:10:46","slug":"ngx-investors-gained-n510-billion-in-two-trading-sessions","status":"publish","type":"post","link":"https:\/\/nationalwire.com.ng\/sub\/ngx-investors-gained-n510-billion-in-two-trading-sessions\/","title":{"rendered":"NGX: Investors Gained N510 Billion In Two Trading Sessions\u00a0"},"content":{"rendered":"
\n
\n
\n
\n
\n
\n
\n
\n
\n
\n

… as Frenzy In Capital Market Saw NGX ASI Hitting 15-year High<\/b><\/p>\n

\n

The Nigerian capital market was euphoric at the close of trading on Tuesday as the market hit a 15-year high.<\/p>\n

The All-Share Index (ASI) of Nigerian Exchange Limited (NGX) rose by 0.51% to 66,490.34 points from 66,151.38 the previous day, surpassing the highest value of 66,371.20 recorded on the Exchange on March 5, 2008.<\/p>\n

This performance was in part, attributed to a surge in banking stocks as investors strategically positioned themselves, taking advantage of the recent record earnings posted by banks.<\/p>\n

Consequently,\u00a0market capitalisation increased by 0.51% to closed at N39.69 trillion from N36.21 trillion recorded on Monday.<\/p>\n

This meant that investors gained N510 billion in two trading sessions.\u00a0Among the various sectoral indices, the NGX Banking Index experienced the most significant daily gain, rising by 1.63%. Following closely were the NGX Consumer Goods Index, with a 0.99% increase, and the NGX Industrial Index, which saw a 0.21% uptick. Conversely, the NGX Oil\/Gas Index dipped by 0.09%, and the NGX Insurance Index recorded a substantial decline of 1.56%, both attributable to investors reallocating their funds.<\/p>

\r\n
Advertisement<\/div>\r\n\t\t\t\t\t\t\t<\/a>\r\n \r\n\t\t\t\t\t\t\t<\/div>\n

An analysis of Tuesday’s market activities revealed a substantial increase in trade turnover compared to the previous session, with transaction values surging by an impressive 79.18%. Consequently, the total volume of stocks traded reached 436.95 million units, valued at N7.02 billion, across 7,933 deals. This marked a significant uptick from the 311.12 million units valued at N3.92 billion traded in 7,193 deals on Monday.<\/p>\n

FBN Holdings topped the activity chart with 55.15 million units valued at N911.21 million. Following closely was Japaul Gold with the sale of 33.11 million units worth N29.92 million, while UBA transacted 30.17 million units valued at N41.21 million.<\/p>\n

Market breadth closed positive, with 35 stocks appreciating in value while 32 stocks depreciated. Champion Breweries led the pack of gainers with a remarkable 10% increase in stock value. Conversely, Linkage Assurance led the group of 32 declining securities, with a 10% decrease in stock value.<\/p>\n

Reacting to the performance of the market, market experts attributed this strong performance to a combination of factors, including investor sentiment influenced by macroeconomic developments such as the formation and swearing-in of the economic cabinet by President Bola Tinubu.<\/p>\n

Additionally, movements in yields within the fixed income market played a role in shaping market dynamics. They emphasized the importance of strategically positioning investments in fundamentally strong stocks, given the ongoing challenges posed by the weak macroeconomic environment on corporate earnings.<\/p>\n

\n

\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/p>","protected":false},"excerpt":{"rendered":"

The Nigerian capital market was euphoric at the close of trading on Tuesday as the market hit a 15-year high<\/p>\n","protected":false},"author":6,"featured_media":73596,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"categories":[23,17],"tags":[8539],"coauthors":[2391],"class_list":["post-75431","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-business","category-news","tag-ngx"],"yoast_head":"\nNGX: Investors Gained N510 Billion In Two Trading Sessions\u00a0 - National Wire<\/title>\n<meta name=\"description\" content=\"The Nigerian capital market was euphoric at the close of trading on Tuesday as the market hit a 15-year high\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/nationalwire.com.ng\/sub\/ngx-investors-gained-n510-billion-in-two-trading-sessions\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"NGX: Investors Gained N510 Billion In Two Trading Sessions\u00a0 - National Wire\" \/>\n<meta property=\"og:description\" content=\"The Nigerian capital market was euphoric at the close of trading on Tuesday as the market hit a 15-year high\" \/>\n<meta property=\"og:url\" content=\"https:\/\/nationalwire.com.ng\/sub\/ngx-investors-gained-n510-billion-in-two-trading-sessions\/\" \/>\n<meta property=\"og:site_name\" content=\"National Wire\" \/>\n<meta property=\"article:published_time\" content=\"2023-08-29T20:10:46+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/nationalwire.com.ng\/sub\/wp-content\/uploads\/2023\/07\/NGX.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"750\" \/>\n\t<meta property=\"og:image:height\" content=\"420\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Friday Ekeoba\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebSite\",\"@id\":\"https:\/\/nationalwire.com.ng\/sub\/#website\",\"url\":\"https:\/\/nationalwire.com.ng\/sub\/\",\"name\":\"National Wire\",\"description\":\"About Nigerians, Nigerian Business and Other Stories\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/nationalwire.com.ng\/sub\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/nationalwire.com.ng\/sub\/ngx-investors-gained-n510-billion-in-two-trading-sessions\/#primaryimage\",\"url\":\"https:\/\/nationalwire.com.ng\/sub\/wp-content\/uploads\/2023\/07\/NGX.jpg\",\"contentUrl\":\"https:\/\/nationalwire.com.ng\/sub\/wp-content\/uploads\/2023\/07\/NGX.jpg\",\"width\":750,\"height\":420},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/nationalwire.com.ng\/sub\/ngx-investors-gained-n510-billion-in-two-trading-sessions\/#webpage\",\"url\":\"https:\/\/nationalwire.com.ng\/sub\/ngx-investors-gained-n510-billion-in-two-trading-sessions\/\",\"name\":\"NGX: Investors Gained N510 Billion In Two Trading Sessions\u00a0 - National Wire\",\"isPartOf\":{\"@id\":\"https:\/\/nationalwire.com.ng\/sub\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/nationalwire.com.ng\/sub\/ngx-investors-gained-n510-billion-in-two-trading-sessions\/#primaryimage\"},\"datePublished\":\"2023-08-29T20:10:46+00:00\",\"dateModified\":\"2023-08-29T20:10:46+00:00\",\"author\":{\"@id\":\"https:\/\/nationalwire.com.ng\/sub\/#\/schema\/person\/e2ab303e561d755b325fc9cea3854927\"},\"description\":\"The Nigerian capital market was euphoric at the close of trading on Tuesday as the market hit a 15-year high\",\"breadcrumb\":{\"@id\":\"https:\/\/nationalwire.com.ng\/sub\/ngx-investors-gained-n510-billion-in-two-trading-sessions\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/nationalwire.com.ng\/sub\/ngx-investors-gained-n510-billion-in-two-trading-sessions\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/nationalwire.com.ng\/sub\/ngx-investors-gained-n510-billion-in-two-trading-sessions\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/nationalwire.com.ng\/sub\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"NGX: Investors Gained N510 Billion In Two Trading Sessions\u00a0\"}]},{\"@type\":\"Person\",\"@id\":\"https:\/\/nationalwire.com.ng\/sub\/#\/schema\/person\/e2ab303e561d755b325fc9cea3854927\",\"name\":\"Friday Ekeoba\",\"url\":\"https:\/\/nationalwire.com.ng\/sub\/author\/friday\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"NGX: Investors Gained N510 Billion In Two Trading Sessions\u00a0 - National Wire","description":"The Nigerian capital market was euphoric at the close of trading on Tuesday as the market hit a 15-year high","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/nationalwire.com.ng\/sub\/ngx-investors-gained-n510-billion-in-two-trading-sessions\/","og_locale":"en_US","og_type":"article","og_title":"NGX: Investors Gained N510 Billion In Two Trading Sessions\u00a0 - National Wire","og_description":"The Nigerian capital market was euphoric at the close of trading on Tuesday as the market hit a 15-year high","og_url":"https:\/\/nationalwire.com.ng\/sub\/ngx-investors-gained-n510-billion-in-two-trading-sessions\/","og_site_name":"National Wire","article_published_time":"2023-08-29T20:10:46+00:00","og_image":[{"width":750,"height":420,"url":"https:\/\/nationalwire.com.ng\/sub\/wp-content\/uploads\/2023\/07\/NGX.jpg","type":"image\/jpeg"}],"twitter_card":"summary_large_image","twitter_misc":{"Written by":"Friday Ekeoba","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebSite","@id":"https:\/\/nationalwire.com.ng\/sub\/#website","url":"https:\/\/nationalwire.com.ng\/sub\/","name":"National Wire","description":"About Nigerians, Nigerian Business and Other Stories","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/nationalwire.com.ng\/sub\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/nationalwire.com.ng\/sub\/ngx-investors-gained-n510-billion-in-two-trading-sessions\/#primaryimage","url":"https:\/\/nationalwire.com.ng\/sub\/wp-content\/uploads\/2023\/07\/NGX.jpg","contentUrl":"https:\/\/nationalwire.com.ng\/sub\/wp-content\/uploads\/2023\/07\/NGX.jpg","width":750,"height":420},{"@type":"WebPage","@id":"https:\/\/nationalwire.com.ng\/sub\/ngx-investors-gained-n510-billion-in-two-trading-sessions\/#webpage","url":"https:\/\/nationalwire.com.ng\/sub\/ngx-investors-gained-n510-billion-in-two-trading-sessions\/","name":"NGX: Investors Gained N510 Billion In Two Trading Sessions\u00a0 - National Wire","isPartOf":{"@id":"https:\/\/nationalwire.com.ng\/sub\/#website"},"primaryImageOfPage":{"@id":"https:\/\/nationalwire.com.ng\/sub\/ngx-investors-gained-n510-billion-in-two-trading-sessions\/#primaryimage"},"datePublished":"2023-08-29T20:10:46+00:00","dateModified":"2023-08-29T20:10:46+00:00","author":{"@id":"https:\/\/nationalwire.com.ng\/sub\/#\/schema\/person\/e2ab303e561d755b325fc9cea3854927"},"description":"The Nigerian capital market was euphoric at the close of trading on Tuesday as the market hit a 15-year high","breadcrumb":{"@id":"https:\/\/nationalwire.com.ng\/sub\/ngx-investors-gained-n510-billion-in-two-trading-sessions\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/nationalwire.com.ng\/sub\/ngx-investors-gained-n510-billion-in-two-trading-sessions\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/nationalwire.com.ng\/sub\/ngx-investors-gained-n510-billion-in-two-trading-sessions\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/nationalwire.com.ng\/sub\/"},{"@type":"ListItem","position":2,"name":"NGX: Investors Gained N510 Billion In Two Trading Sessions\u00a0"}]},{"@type":"Person","@id":"https:\/\/nationalwire.com.ng\/sub\/#\/schema\/person\/e2ab303e561d755b325fc9cea3854927","name":"Friday Ekeoba","url":"https:\/\/nationalwire.com.ng\/sub\/author\/friday\/"}]}},"_links":{"self":[{"href":"https:\/\/nationalwire.com.ng\/sub\/wp-json\/wp\/v2\/posts\/75431","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/nationalwire.com.ng\/sub\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/nationalwire.com.ng\/sub\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/nationalwire.com.ng\/sub\/wp-json\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/nationalwire.com.ng\/sub\/wp-json\/wp\/v2\/comments?post=75431"}],"version-history":[{"count":1,"href":"https:\/\/nationalwire.com.ng\/sub\/wp-json\/wp\/v2\/posts\/75431\/revisions"}],"predecessor-version":[{"id":75432,"href":"https:\/\/nationalwire.com.ng\/sub\/wp-json\/wp\/v2\/posts\/75431\/revisions\/75432"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/nationalwire.com.ng\/sub\/wp-json\/wp\/v2\/media\/73596"}],"wp:attachment":[{"href":"https:\/\/nationalwire.com.ng\/sub\/wp-json\/wp\/v2\/media?parent=75431"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/nationalwire.com.ng\/sub\/wp-json\/wp\/v2\/categories?post=75431"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/nationalwire.com.ng\/sub\/wp-json\/wp\/v2\/tags?post=75431"},{"taxonomy":"author","embeddable":true,"href":"https:\/\/nationalwire.com.ng\/sub\/wp-json\/wp\/v2\/coauthors?post=75431"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}