Finance

NGX market cap gains N950bn in 3 days

Late Filing: NGX slams N36m fine on ETI, Wema Bank, 16 others

Buoyed by buying interest in securities trading on the floor of the Nigerian Exchange Limited (NGX), its market capitalisation has risen to N947 billion in three consecutive trading sessions, Daily Sun investigations reveal.

At the close of trading last week, the All Share Index (ASI) and market capitalisation stood at 44,492.73 points and N24.234 trillion respectively.

However, the appreciation of stocks like BUA Foods, Zenith and Nigerian Breweries pushed the market in the positive territory on resumption.

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Also, the domestic bourse maintained the bull run bringing the benchmark index up by 0.60 per cent to close at 44,929.33 points due to buying interest in telco heavyweight, MTNN and BUA Foods.

At the close of trading yesterday, the benchmark index stood at 2.90 per cent while market capitalization closed at about N25.181 trillion. This means that investors have now gained about N947 billion.

Furthermore, the volume of stocks traded stood at 187.91 million units while the value of stocks traded stood at N1.84 billion. Living Trust topped the activity chart with the sale of 30.11 million shares valued at N43.57 million. Transcorp followed with 26.53 million shares valued at N31.46 million while AccessCorp sold 16.39 million worth N13.96 million.

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Meanwhile, the NGX through its X-Academy, collaborated with NGX Regulation Limited (NGX RegCo) and Global Reporting Initiative (GRI), on a capacity building session in sustainability reporting and Environmental, Social and Governance (ESG) disclosures for listed corporates.

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The training, which took place recently, was designed by the exchange to build the capacities of stakeholders in the capital market on the business case for sustainability integration, reporting and ESG disclosures based on updates made to the NGX Sustainability Disclosure Guidelines and the revised GRI Sustainability Reporting Standards and global trends.

Sunnews

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