Nigerian Exchange Limited (NGX) All Share Index (ASI) surpassed 101,000 psychological level on Wednesday as BUA Cement led other major advancers that continued to dominate market. The market rose by 3 percent while investors gained N1.62trillion on Wednesday.
The market has risen year-to-date (YtD) by 35.84 percent following only one session of negative close this year. This week, the market has risen by 7.44 percent.
The Nigerian Exchange Limited (NGX) All-Share Index (ASI) and Market Capitalisation furthered their northward movement from Tuesday’s lows of 98,616.97 points and N53.967 trillion respectively to 101,571.11 points and N55.583trillion on Wednesday. In 12,080 deals, investors exchanged 488,490,901 shares worth N8.036billion.
BUA Cement rose from N163.35 to N179.65, up by N16.30 or 9.98percent. it was followed by University Press which increased from N3.36 to N3.69, up by 33kobo or 9.82percent. Tripple Gee also rose from N2.58 to N2.83, adding 25kobo or 9.69percent. Also, Japaul Gold increased from N2.32 to N2.55, after rising by 23kobo or 9.91percent.