Trading activities on the floor of the Nigerian Exchange (NGX) concluded for February with the bears in control, resulting in a 0.38% drop in the All-Share Index (ASI).
Despite the downward trend, trading volume remained significant. Over 823.8 million units of shares were traded, valued at more than N34.7 billion. Market capitalization closed at approximately N123.7 trillion, with the All-Share Index hitting 192,826.77 basis points.
Top Gainers
The gainers’ chart was spearheaded by Sovrenins, which surged by 9.95% to close at N2.21. Other notable performers included:
• RT Briscoe: Rose by 9.93% to close at N12.51.
• NGX Group: Recorded a gain of 9.78% to close at N124.00.
Top Decliners
On the flip side, LOTUSHAL15 led the laggards with a maximum drop of 10.00%, closing at N145.10. Other major declines included:
• Mecure: Declined by 9.97% to close at N75.85.
• Meyer: Dropped by 9.90% to close at N18.65.
Trade Drivers
The highest trading volumes on February 27th were driven by activities in FTN Cocoa Processors (FTNINSURE), Zenith Bank, Japaul Gold, Jaiz Bank, and Access Holdings (ACCESSCORP).
