{"id":42405,"date":"2022-05-14T17:50:25","date_gmt":"2022-05-14T17:50:25","guid":{"rendered":"https:\/\/thefreezonechannel.com\/?p=42405"},"modified":"2022-05-14T17:50:33","modified_gmt":"2022-05-14T17:50:33","slug":"ngx-maintains-bullish-trend-key-indices-up-0-15","status":"publish","type":"post","link":"https:\/\/thefreezonechannel.com\/old\/ngx-maintains-bullish-trend-key-indices-up-0-15\/","title":{"rendered":"NGX maintains bullish trend, key indices up 0.15% &nbsp;"},"content":{"rendered":"<p>The Nigerian Exchange Ltd., (NGX) extended its bullish trend on Thursday, as market capitalisation gained N42.75 billion to close at N28.528 trillion from N28.485 trillion recorded on Wednesday. &nbsp;<\/p>\n\n\n\n<p>Similarly, the All-Share Index (ASI) gained by 0.15 per cent to close at 52,917.76 points, compared to the 52,838.45 points recorded on Wednesday. &nbsp;<\/p>\n\n\n\n<p>Analysts at Vetiva Dealing and Brokage said, \u201cThe market saw some course-correction after yesterday\u2019s impressive gains as predicted, with profit-taking observed on some of the strong performers this week. &nbsp;<\/p>\n\n\n\n<p>\u201cIn tomorrow\u2019s session, we anticipate further gains on fundamentally sound names, even as other tickers which have enjoyed investors\u2019 patronage in recent sessions shed some points.\u201d &nbsp;<\/p>\n\n\n\n<p>The market\u2019s positive performance was driven by price appreciation in large and medium capitalised stocks which are; Glaxosmith, Presco, International Breweries, Okumu Oil and among others. &nbsp;<\/p>\n\n\n\n<p>The market breadth was positive as 30 stocks appreciated relative to 22 that declined. &nbsp;<\/p>\n\n\n\n<p>Fidson Pharmaceticals recorded the highest price gain of 9.95 per cent to close at N11.38 per share. &nbsp;<\/p>\n\n\n\n<p>Eterna followed with a gain of 7.19 per cent to close at N9.94 per share, while MC Nichols rose by 9.91;per cent to close at N1.22 per share. &nbsp;<\/p>\n\n\n\n<p>Glaxosmith rose by 9.81 per cent to close at N8.35 while WAPCO gained 9.86 per cent to close at N31.75 per share. &nbsp;<\/p>\n\n\n\n<p>On the other hand, Academy Press led the losers\u2019 chart by 9.73 per cent to close at N1.67 per share. &nbsp;<\/p>\n\n\n\n<p>Chiplc and Linkage Assurance depreciated by 9.68 per cent and 8.70 per cent each to close at 56k and 63k per share, respectively. &nbsp;<\/p>\n\n\n\n<p>Veritas Kapital followed with a decline of 4.55 per cent to close at 21k per share, while AIICO lost 3.80 per cent to close at 76k per share. &nbsp;<\/p>\n\n\n\n<p>The total volume of stocks traded was 426.02 million units, valued N5.697 billion, and exchanged in 7,639deals. &nbsp;<\/p>\n\n\n\n<p>Transactions in the shares of Transcorp topped the volume chart with 94.4 million shares valued at N122.73 million. &nbsp;<\/p>\n\n\n\n<p>Zenith Bank followed with 34.48 million shares worth N590.08 million, while WAPCO traded 19.23 million shares valued at N601.95 million. &nbsp;<\/p>\n\n\n\n<p>Abbey Buildings traded 18.36 million shares valued at N24.39 million, while ACCESSCORP transacted 17.02 million shares valued at N163.58 million. &nbsp;<\/p>\n\n<!--themify_builder_content-->\n<div id=\"themify_builder_content-42405\" data-postid=\"42405\" class=\"themify_builder_content themify_builder_content-42405 themify_builder tf_clear\">\n    <\/div>\n<!--\/themify_builder_content-->","protected":false},"excerpt":{"rendered":"<p>The Nigerian Exchange Ltd., (NGX) extended its bullish trend on Thursday, as market capitalisation gained N42.75 billion to close at N28.528 trillion from N28.485 trillion recorded on Wednesday. &nbsp; Similarly, the All-Share Index (ASI) gained by 0.15 per cent to close at 52,917.76 points, compared to the 52,838.45 points recorded on Wednesday. &nbsp; Analysts at [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":42261,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[949],"tags":[874],"class_list":["post-42405","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy","tag-ngx","has-post-title","has-post-date","has-post-category","has-post-tag","has-post-comment","has-post-author",""],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>NGX maintains bullish trend, key indices up 0.15% &nbsp; - The Freezone Channel<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/thefreezonechannel.com\/old\/ngx-maintains-bullish-trend-key-indices-up-0-15\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"NGX maintains bullish trend, key indices up 0.15% &nbsp; - The Freezone Channel\" \/>\n<meta property=\"og:description\" content=\"The Nigerian Exchange Ltd., (NGX) extended its bullish trend on Thursday, as market capitalisation gained N42.75 billion to close at N28.528 trillion from N28.485 trillion recorded on Wednesday. &nbsp; Similarly, the All-Share Index (ASI) gained by 0.15 per cent to close at 52,917.76 points, compared to the 52,838.45 points recorded on Wednesday. &nbsp; Analysts at [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/thefreezonechannel.com\/old\/ngx-maintains-bullish-trend-key-indices-up-0-15\/\" \/>\n<meta property=\"og:site_name\" content=\"The Freezone Channel\" \/>\n<meta property=\"article:published_time\" content=\"2022-05-14T17:50:25+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-05-14T17:50:33+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/thefreezonechannel.com\/old\/wp-content\/uploads\/2022\/05\/NIGERIA-STOCK-EXCHANGE1.webp\" \/>\n\t<meta property=\"og:image:width\" content=\"600\" \/>\n\t<meta property=\"og:image:height\" content=\"334\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/webp\" \/>\n<meta name=\"author\" content=\"The Freezone Channel\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"The Freezone Channel\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/thefreezonechannel.com\/old\/ngx-maintains-bullish-trend-key-indices-up-0-15\/\",\"url\":\"https:\/\/thefreezonechannel.com\/old\/ngx-maintains-bullish-trend-key-indices-up-0-15\/\",\"name\":\"NGX maintains bullish trend, key indices up 0.15% &nbsp; 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