NGX Market Capitalisation Extends Rally By N20b

Advertisements

The nation’s bourse maintained positive trading on Friday, extending the gaining streak by 0.10 percent. 

Specifically, the market capitalisation which opened at N21.275 trillion increased by N20 billion or 0.10 percent to close at N21.295 trillion. 

Also, the All-Share Index inched higher by 39.21 points or 0.10 percent to close at 40,868.36 compared with 40,829.15 posted on Thursday. 

A breakdown of the price movement chart shows that 22 stocks recorded price appreciation in contrast with 16 laggards. 

UPL led the gainers’ table in percentage terms, gaining 9.72 percent to close at N1.58 per share. 

Advertisements

Sovereign Trust Insurance followed with 9.09 percent to close at 24k, while Caverton gained 6.33 percent to close at N1.68 per share. 

Regency Insurance rose by 5.26 percent to close at 40k, while NPF Microfinance Bank added 5.26 percent to close at N1.80 per share. 

Conversely, Academy Press dominated the laggards’ table in percentage terms, shedding 7.69 percent to close 36k per share. 

Africa Prudential trailed with 6.06 percent to close at N6.20, while Honeywell gained 3.78 percent to close at N3.56 per share. 

Jaiz Bank dipped by 3.33 percent to close at 58k, while Mutual Benefits lost 3.23 percent to close at 30k per share. 

FBN Holdings for the second consecutive day drove the activity chart, accounting for 154.68 million shares valued at N1.54 billion. 

GTCO followed with 17.33 million shares worth N495.24 million, while Fidelity Bank traded 13.79 million shares valued at N35.87 million. 

Transacorp traded 12.50 million shares worth N12.14 million, while Ecobank Transnational sold 11.55 million shares valued at N72.02 million. 

In all, investors traded 331.06 million shares valued at N2.92 billion exchanged in 3,986 deals, a decrease of 59.24 percent. 

This was against a turnover of 812.29 million shares worth N10.58 billion traded in 4,863 deals on Thursday. NAN 

Advertisements