Thursday, July 29, 2021

Stock market ends five-day losing streak, gains N7.97bn

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Investors in the Nigerian Exchange Limited gained N7.97bn at the end of trading yesterday as equities ended a five-day losing streak.

The NGX All-Share Index rose slightly by 0.04 per cent from 37,857.24 basis points on Tuesday to close at 37872.55bps on Wednesday.

Market activity was mixed as trading volume decreased from 197.28 million shares worth N2.98bn to 197.23 million shares valued at N21.4bn, but the number of deals increased from 3,567 to 3,610 yesterday.

As trading ended on the floor of the NGX, 18 companies saw gains in their share prices while 11 firms saw value erased off their stocks.