• Privacy Policy
  • Terms
  • About us
  • Contact Us
  • Staff Email
Friday, August 8, 2025
  • Login
TheMattersPress
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us
No Result
View All Result
TheMattersPress
No Result
View All Result
Home Economy/Technology

Stock market gains N582bn amid sustained buy interest

Stock

The Matters Press by The Matters Press
March 16, 2024
Reading Time: 2 mins read
0
Trading in Nigerian stock market dips further N83bn

Lagos, March 16, 2024: Nigerian Exchange Ltd.(NGX) extended gains on Friday, causing investors’ wealth to grow further by N582 billion due to buy interest on the nation’s bourse.

RELATED POSTS

‎Obi’s One-Term Proposal, a gambit to grab power at all costs -Group ‎

National Single Window initiative, a major step for efficient cross-border trade – TMSG

‎Group celebrates 45% increase in federal revenue in just one month

Specifically, investors gained N582 billion in value as market capitalisation grew to N59.416 trillion from N58.834 trillion recorded on Thursday.

Consequently, the All-Share index rose by 0.99 per cent or 1,029.04 points to close at 105,085.25, as against 104,056.21 recorded on Thursday.

As a result, the Year-To-Date (YTD) return rose to 40.54 per cent.

The upturn was impacted by gains recorded in MTN, Guaranty Trust Holding Company (GTCO), Zenith Bank, United Capital, Transnational Corporation (Transcorp)and other stocks.

Market breadth closed positive with 25 equities on the gainer’s table and 20 others on the loser’s log.

On the price movement chart, GTCO led the gainers table by 9.99 per cent to close at N48.45, followed by International Breweries by 9.75 per cent to close at N4.39 per share.

Prestige Assurance added 9.26 per cent to close at 59k, Julius Berger gained 8.20 per cent to close at N72.60, while MTN Nigeria rose by 7.98 per cent to closeN267.80 per share.

On the losers table, International Energy Insurance led by 9.63 per cent to close at N1.22, C&I Leasing followed by 8.11 per cent to close at N3.40 per share.

Vitafoam Nigeria trailed by 5.56 per cent to close at N21.25, Transcorp dropped 5.49 per cent to close at N15.40 and FG162029S1 declined by five per cent to close at N90.25 per share .

However, the total volume traded declined by 32.43 per cent to 217.21 million shares, valued at N5.01 billion and exchanged in 6,457 deals compared to 226.31 million shares worth N7.41 billion in 5,823 deals at the previous session.

Transactions in the shares of FirstBank of Nigeria Holdings (FBNH) topped the activity chart with 29.58 million shares valued at of N1.06 billion.

Transcorp followed with 25.21 million shares worth N392.16 million.

Unity Bank sold 14.13 million shares valued at N25.71 million, while GTCO traded 13.75 million shares worth N645.34 million.

United Capital transacted 12.16 million shares valued at N254.96 million.

Tags: Stock
ShareTweetPin
The Matters Press

The Matters Press

Related Posts

Obi, PDP candidate advises Buhari to increase tempo
Economy/Technology

‎Obi’s One-Term Proposal, a gambit to grab power at all costs -Group ‎

August 7, 2025
Importers face delays, higher costs on Red Sea woes
Economy/Technology

National Single Window initiative, a major step for efficient cross-border trade – TMSG

August 4, 2025
Chatham House stance on Nigeria’s economy, a non-biased assessment of  reforms
Economy/Technology

‎Group celebrates 45% increase in federal revenue in just one month

July 28, 2025
POLICY STATEMENT 027 BY THE INDEPENDENT MEDIA AND POLICY INITIATIVE (IMPI)
Economy/Technology

Alleged Wasteful Turn Around Maintenance (TAM) of Refineries: Setting the records straight

July 25, 2025
Dangote Fertilizer in gas supply deal
Economy/Technology

IMPI seeks forensic audit of refineries from 2000 to 2023 ‎ ‎

July 25, 2025
Nigeria’s Dangote refinery will cut Africa’s petrol import by 36%
Economy/Technology

‎ADC erred, APC administrations never spent $18bn on refineries-IMPI ‎

July 25, 2025
Next Post
SON alerts on second hand gas cylinders

Global upsurge warrants improved gas policy for Nigeria - NEITI

DMO raises N615bn Sukuk fund for roads

FEC, NASS yet to approve Eurobond transaction advisers - DMO

Recommended Stories

7,000 MT of LPG, others expected at Lagos ports

NCDMB lauds Temile/Hyundai deal to build new LPG vessel

May 26, 2022
NIMASA moves against illegal fishing in Nigerian waters

NIMASA conducts post-impact assessment of wreck removal on Badagry creek

June 20, 2022
Telcos want Nigeria to address pricing challenges, others

Telcos want Nigeria to address pricing challenges, others

April 25, 2024

Popular Stories

  • Rising prices of goods cause protests in Morocco

    Rising prices of goods cause protests in Morocco

    0 shares
    Share 0 Tweet 0
  • NLNG not responsible for gas supply shortfall, price hike

    0 shares
    Share 0 Tweet 0
  • NCC sets fresh operational fees, spectrum prices for telecom operators

    0 shares
    Share 0 Tweet 0
  • Hoarding causes hike in prices of grains

    0 shares
    Share 0 Tweet 0
  • Prices of Petrol, diesel increase in November

    0 shares
    Share 0 Tweet 0
TheMattersPress

We bring you the best news update in Nigeria

LEARN MORE »

Recent Posts

  • ‎Obi’s One-Term Proposal, a gambit to grab power at all costs -Group ‎
  • National Single Window initiative, a major step for efficient cross-border trade – TMSG
  • ‎Group celebrates 45% increase in federal revenue in just one month

Categories

  • Agriculture
  • Economy/Technology
  • Energy
  • Entertainment/sports
  • Features
  • Foreign
  • Multimedia
  • Natural Resources
  • News
  • Oil and Gas
  • Photo
  • Politics
  • Security
  • Thematterspress
  • Uncategorized
  • Video

© 2025 Domo Tech World - Powered by Thematterspress.

No Result
View All Result
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us

© 2025 Domo Tech World - Powered by Thematterspress.

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
Call Us