Airtel Africa, Unity Bank Top Gainers’ Chart As NGX Gains N318b

The Nigerian Exchange (NGX) on Tuesday gained N317billion due to buying investors interest in 21 stocks. 

 At the end of the day’s transactions, the market capitalisation rose by N317 billion to close at N20.411 trillion against N20.094 trillion recorded on Monday. 

 Also, the All-Share Index which opened at 38,567.26 inched higher by 609.36 points to close at 39,176.62. 

Accordingly, the month-to-date gain increased to 1.6 percent, while the year-to-date loss moderated to 2.7 percent. 

 A breakdown of the price movement chart shows that Airtel Africa led the gainers’ table in percentage terms, appreciating by 10 percent to N715 per share. 

Unity Bank Plc followed with 7.14 percent to close at 60k, while Veritas Kapital increased by 4.35 percent to close at 24k per share. 

Courteville Business Solution added 4.17 percent to close at 25k, while Caverton gained 3.89 percent to close at N1.87 per share. 

On the other hand, Juli topped the losers’ chart in percentage terms, dropping by 9.01 percent to close at N1.01 per share. 

Consolidated Hallmark Insurance trailed with a loss of 6.90 percent to close at 54k, while Jaiz Bank was down by 4.84 percent to 59k per share. 

Sunu Assurances lost 4.26 percent to 45k, while LiveStock Feeds dropped by 3.06 percent to close at N1.90 per share. 

 BOC Gas was the most active stock during the day, exchanging 249.77 million shares valued at N1.37 billion. 

GTCO followed with an account of 37.28 million shares worth N1.04 billion, while Ecobank Transnational Incorporated traded 24.12 million shares valued at N131.02 million. 

 The market positive performance was driven by price appreciation in large and medium capitalized stocks which are; Airtel Africa, MTNN, Northern Nigeria Flour Mills (NNFM), United Capital, and Ecobank Transnational Incorporated (ETI). 

The market growth was a result of foreign investors’ interest in Airtel Africa which appreciated by 10 percent. 

Jaiz Bank traded 18.65 million shares worth N11.55 million, while FBN Holdings sold 10.30 million shares valued at N74.999 million. 

In all, Investors traded 474.53 million shares worth N3.98 billion in 4,161 deals. 

This was against 194.95 million shares valued at 1.01 billion exchanged in 3,830 deals on Monday, representing an increase of 143.41 percent.