NGX: Market Sees Bearish Turn In 2024 As ASI Plunges By 1.4%

Nigerian Stock Market Gains N167bn As Buacement, Oando Emerge Top Gainers

1 year ago
1 min read

The Nigerian Stock Market experienced a significant turn-up during the trading sessions on Monday, October 2nd, and Tuesday, October 3rd, 2023, as substantial gains amounting to a total of N167 billion were recorded, spearheaded by the impressive performances of Buacement and Oando.

Amidst these gains, however, Linkassure faced losses, highlighting the market’s ever-evolving dynamics and the standout performances of key players.

Join our WhatsApp Channel

READ ALSO: Fidelity Shines As BUA, Oando Face Losses In Nigeria’s Stock Market Decline Of N36.3 Billion

Top 5 Gainers 

Buacement (BUACEMENT) led the gainers with a 9.94% increase in the closing price, gaining ₦8.50. Betaglas (BETAGLAS) followed closely with a 9.93% increase, adding ₦6.05 to its closing price.

Ftncocoa (FTNCOCOA) gained 9.93%, rising by ₦0.15. Oando (OANDO) recorded a 9.55% increase, adding ₦0.75. UACN (UACN) gained 8.50%, with a rise of ₦0.85.

Top 5 Losers

Linkassure (LINKASSURE) faced the biggest loss with a 10.00% decrease, losing ₦0.08. CWG (CWG) followed with a 9.94% decrease, losing ₦0.86. Red Star Express (REDSTAREX) experienced a 9.86% decline, losing ₦0.29. Tantalizer (TANTALIZER) had a 9.38% decrease, losing ₦0.03. UPDCREIT (UPDCREIT) recorded an 8.97% decrease, losing ₦0.35.

Gainers for ETFs

Mergrowth (MERGROWTH) saw a significant 14.60% increase, gaining ₦2.81. Lotushal15 (LOTUSHAL15) gained 10.00% with a rise of ₦1.51. Stanbic ETF 30 (STANBICETF30) increased by 8.91%, adding ₦27.60. Mervalue (MERVALUE) recorded a 4.96% increase, gaining ₦1.38.

Debt Losers

Among the debt instruments, there were losers too: FGSUK2025S2: N-17.50 loss (-14.58%) and FG132026S1: N-0.20 loss (-0.20%)

content

emmmmmm
+ posts

Emmanuel Ochayi is a journalist. He is a graduate of the University of Lagos, School of first choice and the nations pride. Emmanuel is keen on exploring writing angles in different areas, including Business, climate change, politics, Education, and others.

Latest from Business

7 Solutions To Boost Nigeria's Oil Production In 2025

Seven Solutions To Boost Nigeria’s Oil Production

Nigeria’s oil sector has long struggled with declining production, theft, and underutilised refining capacity. The government has set an ambitious goal of increasing Nigeria’s oil production by one million barrels per day

Don't Miss