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NGX: Market capitalisation gains N36 billion after 3-day loss

The nation’s bourse witnessed growth on Thursday, with the key market indices appreciating by 0.18 per cent.

The positive sentiment was spurred by buying interests in Dangote Cement and 15 other equities, halting a three-day losing streak.

Specifically, the All-Share Index (ASI) grew by 68.01 points or 0.18 per cent to close at 39,252.19 from 39,184.18 posted on Wednesday.

Accordingly, month-to-date and year-to-date loss return stood at 0.1 per cent and 2.5 per cent, respectively.

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Similarly, the market capitalisation rose by N36 billion or 0.18 per cent to close at N20.451 trillion,  against N20.415 trillion on Wednesday.

The market positive performance was driven by price appreciation in large and medium capitalised stocks which were; Dangote Cement, Julius Berger Nigeria, Access Bank, United Capital and United Bank for Africa.

However, the market breadth closed negative with 18 losers as against 16 gainers.

Chams dominated the gainers’ chart in percentage terms,  with a gain of 4.76 per cent to close at 22k per share.

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