Trading on the NGX closes flat

Furthermore, the total volume traded fell by 85.2% to 255.161 million units valued at N1.787 billion and traded in 3,890 transactions. The Nigerian Exchange Ltd. (NGX) closed trading on Wednesday flat, with the benchmark index closing at 51,953.41 points, down from 51,952.99 on Tuesday. In addition, the market capitalisation closed at N28.3 billion once more. Gains in medium and large capitalised stocks, such as Dangote Sugar Refinery, Berger Paints, Multiverse Mining and Exploration, Skyway Aviation Handling Company, and International Breweries, contributed to the slight upturn. As measured by market breadth, market sentiment was positive, as 17 stocks gained relative to 11 losers. Skyway Aviation Handling Company recorded the highest price gain of 10 per cent to close at N5.50 per share. Associated Bus Company followed with a gain of 9.68 per cent to close at 34k and Berger Paints up by 8.57 per cent to close at N7.60 per share. International Breweries rose by 7.41 per cent to close at N4.35, while Multiverse Mining and Exploration gained 4.17 per cent to close at N2.50 per share.