• About
  • Advertise
  • Careers
  • Contact Us
Saturday, June 21, 2025
  • Login
No Result
View All Result
NEWSLETTER
Tech | Business | Economy
  • News
  • Tech
    • DisruptiveTECH
    • ConsumerTech
    • How To
    • TechTAINMENT
  • Business
    • Telecoms
    • Mobility
    • Environment
    • Travel
    • StartUPs
      • Chidiverse
    • TE Insights
    • Security
  • Partners
  • Economy
    • Finance
    • Fintech
    • Digital Assets
    • Personal Finance
    • Insurance
  • Features
    • IndustryINFLUENCERS
    • Guest Writer
    • EventDIARY
    • Editorial
    • Appointment
  • TECHECONOMY TV
  • Apply
  • TBS
  • BusinesSENSE For SMEs
  • Chidiverse
  • News
  • Tech
    • DisruptiveTECH
    • ConsumerTech
    • How To
    • TechTAINMENT
  • Business
    • Telecoms
    • Mobility
    • Environment
    • Travel
    • StartUPs
      • Chidiverse
    • TE Insights
    • Security
  • Partners
  • Economy
    • Finance
    • Fintech
    • Digital Assets
    • Personal Finance
    • Insurance
  • Features
    • IndustryINFLUENCERS
    • Guest Writer
    • EventDIARY
    • Editorial
    • Appointment
  • TECHECONOMY TV
  • Apply
  • TBS
  • BusinesSENSE For SMEs
  • Chidiverse
No Result
View All Result
Tech | Business | Economy
No Result
View All Result
ADVERTISEMENT
Home Economy Finance

NGX Index Crosses 100,000 Mark as Dangote, BUA Drive Market

Reporter: Tobi Adetunji

by Techeconomy
January 25, 2024
in Finance
3
NGX, equities market
NGX

NGX

UBA
Advertisements

Trading on the floor of the Nigeria Exchange on Wednesday was driven by price appreciation from Dangote Cement, BUA Cement, BUA Foods, NASCON Allied Industries, and Flour Mills of Nigeria, which indicates large and medium-capitalized stocks.

This is as the Nigerian Exchange Group (NGX) achieved a new record of 100,000 marked sustained bargain hunting in Dangote Cement Plc propelled the all-share index (ASI) to rise by three percent.

ASI rose by 2,954.14 points, representing a gain of three percent, to close at 101,571.11 points.

Similarly, the overall market capitalization value gained N1.617 trillion to close at N55.584 trillion.

Year-to-date, the domestic market has returned 35.84 percent surpassing inflationary levels in the country and outperforming other indices in the African, European, and Middle Eastern markets as tracked by Bloomberg.

The total value of stocks traded by investors was N8.04 trillion, a 51 percent drop from the value traded in the previous day.

Analysts have envisioned another positive market breadth today, while sector performance remains mixed.” Investor sentiment, as measured by market breadth, closed positive as 35 stocks gained, while 32 lost.

Wapic Insurance recorded the highest price gain of 10 per cent to close at 88 kobo, per share. BUA Cement followed with a gain of 9.98 percent to close at N179.65, while Japaul Gold & Ventures rose by 9.91 percent to close at N2.55 kobo.

However, University Press appreciated by 9.82 percent to close at N3.69 kobo, while Tripple Gee & Company rose by 9.69 percent to close at N2.83 kobo.

On the other hand, NEM Insurance led the losers’ chart by 10 percent to close at N7.20 kobo.

Cadbury Nigeria followed with a decline of 9.96 percent to close at N23.50 kobo, while The Initiates Plc (TIP) declined by 9.92 percent to close at N2.27 kobo.

Also on the NGX, May & Baker Nigeria shed 9.89 percent to close at N6.65 kobo, while McNichols lost 9.88 percent to close at N1.46 kobo.

However, the total volume of trade decreased by 34.65 per cent to 488.491 million units, valued at N8.037 billion, and exchanged in 12,080 deals.

Transactions in the shares of Transnational Corporation (Transcorp) topped the activity chart with 95.109 million shares valued at N1.588 billion.

Universal Insurance followed with 45.629 million shares worth N18.601 million, while Unity Bank traded 27.343 million shares valued at N74.12 million.

Jaiz Bank traded 26.962 million shares valued at N76.917 million, while Japaul Gold & Ventures transacted 25.324 million shares worth N64.312 million, according to the NGX.

Loading

Advertisements
MTN ADS

Author

  • Techeconomy
    Techeconomy

    View all posts
0Shares
Tags: BUA CementBUA Foodsdangote cementFlour Mills of NigeriaNASCON Allied IndustriesNGX
Techeconomy

Techeconomy

Next Post
Huawei HarmonyOS

Huawei Drops Android for HarmonyOS Operating System

Comments 3

  1. Pingback: Insurance Firms, Seplat Drive NGX to N317bn Gain - Tech | Business | Economy
  2. Pingback: INSURANCE FIRM, SEPLET, DRIVE NGX TO 312 BILLION NAIRA GAIN – Statistics: Data and Insights
  3. Pingback: INSURANCE FIRM, SEPLET, DRIVE NGX TO 312 BILLION NAIRA GAIN – Statistics

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

I agree to the Terms & Conditions and Privacy Policy.

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Recommended

ISPs and HEIs in Anambra State

Digital Landscape Harmonization: Anambra’s ISPs, HEIs Invited to AFRINIC One-Day Training

2 years ago
NITDA and Ministry of Education towards Digital Literacy

NITDA, Education Ministry Handshake Towards 95% Digital Literacy 2030 Agenda

6 months ago

Popular News

    Connect with us

    • About
    • Advertise
    • Careers
    • Contact Us

    © 2025 TECHECONOMY.

    No Result
    View All Result
    • News
    • Tech
      • DisruptiveTECH
      • ConsumerTech
      • How To
      • TechTAINMENT
    • Business
      • Telecoms
      • Mobility
      • Environment
      • Travel
      • StartUPs
        • Chidiverse
      • TE Insights
      • Security
    • Partners
    • Economy
      • Finance
      • Fintech
      • Digital Assets
      • Personal Finance
      • Insurance
    • Features
      • IndustryINFLUENCERS
      • Guest Writer
      • EventDIARY
      • Editorial
      • Appointment
    • TECHECONOMY TV
    • Apply
    • TBS
    • BusinesSENSE For SMEs

    © 2025 TECHECONOMY.

    Welcome Back!

    Login to your account below

    Forgotten Password?

    Retrieve your password

    Please enter your username or email address to reset your password.

    Log In
    Translate »
    This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.