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Home Economics

MARKET CLOSES ON A POSITIVE NOTE WITH NIGERINS AND LEARNARICA TOPPING THE GAINERS LIST

Rate Captain by Rate Captain
February 22, 2022
in Economics, Markets, Money Market
Reading Time: 2 mins read
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Nigerian Naira notes on a Spreadsheet data report

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The NGX closed on a positive note as the All-Share Index appreciated by 12.99 basis point amidst sell-offs and buy-interests.

The NGX ASI closed at 47,246.9 points from 47,233.91 points the previous day, to reflect an increase of 0.03%. A total of 421.82 million units of shares valued at N5.15billion exchanged hands today on the floor of the Nigerian Exchange in 5,992 deals.

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Naira Strengthens as FX Turnover Hits Record $1.5 Billion in a Single Day

Naira Strengthens to N1,375/$ in Official Market Amid Improved Trading Conditions

Twenty Nine (29) Equities moved towards the positive path today as NIGER INSURANCE PLC (NIGERINS) and LEARN AFRICA PLC (LEARNAFRICA) jointly topped the gainers table with a 10% increase respectively. NIGER INSURANCE PLC (NIGERINS) equity price increased form N0.20k at the open of trading activities today and closed at a market price of N0.22k while LEARN AFRICA PLC (LEARNAFRICA) market price increased to N2.42k from N2.20k market price at the start of trade of today.

SCOA NIG.PLC took the second place on the gainers list as it gained N0.23kwith the market price moving from N2.35k to close at 2.58k (+ 9.79%).

On the losers list, ELLAH LAKES Plc led the list with a decline of 9.88%, as the market price reduced from N4.25k to close at N3.83k. VERITAS KAPITALASSURANCE Plc seconded the losers list as the price dropped from N0.23k to N 0.02k, amounting to a 8% decline.

In all, a total of eighteen (18) equities recorded losses as the breadth of market returned positive.

NGX Top Gainers

NIGERINS up  +10.00% to close at N0.22

LEARNAFRICA up to +10.00% to close at N2.42

SCOA up to +9.78% to close at N9.79

CUTIX up to +9.65% to close at N2.84

MAYBAKER up to +9.65% to close at N5.00

NGX Top Decliners

ELLAHLAKES down -9.89% to close at N3.83

VERITASKAP down -8.00% to close at N0.23

COURTVILLE down -5.56% to close at N0.51

GUINNESS down by -5.34% to close at N70.05

NEIMETH down by -4.76% to close at N1.80

NGX ASI Top Traded by Volume

UCAP – 66,097,630

TRANSCORP- 53,531,325

ZENITHBANK- 51,634,460

NGX ASI Top Traded by Value

ZENITHBANK- N1, 329,047,973.15

UCAP-N889, 150,049.65

SEPLAT – N775, 500,407.00

 

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