Nigerian Stock Market Cap Rises By N440.38bn

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Nigerian Stock Market Cap Rises By N440.38bn

BrandSpur Nigeria reports that the Nigerian capital market (NGX) rose by 1.33 percent at the close of trading on Wednesday.

This represented a N440.38 billion growth in the value of investments at the capital market from N33.05 trillion to N33.50 trillion after five hours of trading today.

This was driven by the All-Share Index, which closed at 61,523.57 ASI, up by 345.34 basis points from 60,715.04 ASI.

Equity traders had exchanged 1.10 billion shares, valued at N12.20 billion, in 12,194 deals on Tuesday.

Top five gainers

  • Learn Africa’s share appreciated by N0.29 kobo to rise from N2.91 kobo to N3.20 kobo per share.
  • Golden Brew grew by N0.20 kobo, up from N2.01 to N2.21 kobo per share.
  • Chellaram ended trading with N1.46 kobo from N1.33 kobo per share, rising by N0.13 kobo.
  • John Holt gained N0.10 kobo to end trading at N1.14 kobo, having opened with N1.04 per share.
  • Omatek’s stock was up by 9.52 per cent, closing at N0.46 kobo from N0.42 kobo per share.

Top five losers

  • NEM depreciated by N0.62 kobo, dwindling from N6.20 kobo to N5.58 kobo per share.
  • Mutual Benefit also declined by 10 per cent to end trading at N0.54 kobo, after opening at N0.60 kobo per share.
  • Lasaco followed the same path, losing N0.23 kobo after trading hours, to sell at N2.07 from N2.30 kobo per share.
  • NSLTECH reported a decline of 10 per cent from the previous day’s share price of N0.30 kobo to end trading at N0.27 kobo per share.
  • Wapic’s share depreciated to N0.73 kobo from N0.81 kobo, after losing 9.88 per cent during trading hours.

Top five trading equities in the stock exchange

  • FBN Holdings reported 89.23 million shares, valued at N1.64 billion, were traded on its floor.
  • Transcorp recorded 89.23 million shares valued at N323.50 million.
  • Access Corporation saw investors trade 85.91 million shares valued at N1.53 billion.
  • FCMB recorded 85.03 million shares exchanged on its floor, worth N477.15 million.
  • UBA reported 57.51 million shares, valued at N749.76 million, exchanged investors’ hands.