Airtel Africa leads gainers as market capitalization appreciates

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Airtel Africa leads other gainers on the floor of the Nigerian Stock Exchange as the NGX closed on a positive note amidst sell-offs and buy-interests as the benchmark All-Share Index (ASI) appreciated by 129 basis points.

The NGX ASI closed at 46,529.99 points, to reflect a growth of 1.29% from the previous trading day and a Year-to-Date (YTD) return of 8.93%. Meanwhile, the market capitalization increased by N318.19 billion.

At the close of market on Wednesday 26th January 2022, the stock exchange market value currently stands at N25.07 trillion from N24.77 trillion in the previous trading day.

The market breadth closed flat as AIRTEL led 19 gainers, and 19 losers topped by CADBURY at the end of today’s session. The stock market has advanced 3,813.55 base points since the start of the year.

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NGX ASI Top gainers include: AIRTEL up +10.00% to close at N1,271; ETI up +9.55% to close at N10.90; COURTVILLE up +9.09% to close at N0.60; ACADEMY up +8.86% to close at N0.86 and LEARNAFRI up +8.53% to close at N1.40

NGX ASI Top losers are:  CADBURY down – 9.47% to close at N8.6; PRESTIGE down – 8.70% to close at N0.42; CHAMPION down – 7.84% to close at N2.35; LINKASS down – 7.14% to close at N0.52; NEIMETH down – 5.26% to close at N1.80 and NGX ASI Top Traded by Volume.

Market sentiments trend towards the bulls with the market differential being flat as 19 gainers equaled 19 losers.