Nigerian Stock Exchange Valuation Hit N33.77trn, UBN, Conoil, Others Earn N270bn

Nigerian bourse closed with N33.77 trillion market capitalisation on Thursday, rising by 0.80 per cent, after investors traded N95 billion shares on the exchange floor.

The increase represents N270.24 billion gain driven by the Union Bank of Nigeria (UBN). It raised the stock market’s capitalisation up from N33.50 trillion.

This followed the 496.31 basis points gained by the All-Share Index, pulling the ASI to 62,019.88 points, from 61,523.57 ASI.

Over 5.44 billion shares, valued at N95 billion, were traded in 9,948 deals on Thursday, surpassing the N10.30 billion exchanged for 846.32 million shares on Wednesday, in 9,815 deals.

Top five gainers 

• UBN’s share appreciated by N0.75 kobo to rise from N7.50 kobo to N8.25 kobo per share. 
• Learn Africa grew by N0.32 kobo, up from N3.20 kobo to N3.52 kobo per share. 
• Eterna ended trading with N2.35 kobo from N23.50 kobo per share, rising by N2.35 kobo. 
• Conoil gained N9.30 kobo to end trading at N102.30 kobo, having opened with N93 per share.  
• MRS’ stock was up by N8.30 kobo, closing at N91.30 kobo from N83 per share. 

Top five losers 

• Wapic depreciated by 9.59 per cent, dwindling from N0.73 kobo to N0.66 kobo per share.   
• UPDC declined by N0.11 kobo to end trading at N1.08, after opening at N1.19 kobo per share.   
• International Energy Insurance followed the same path, losing N0.13 kobo after trading hours, to sell at N1.30 kobo from N1.43 kobo per share.   
• Chellaram reported a decline of N0.13 kobo from the previous day’s share price of N1.46 kobo to end trading at N1.33 kobo per share.   
• Honeywell Flour’s share depreciated to N3.35 kobo from N3.62 kobo, after losing N0.27 kobo during trading hours. 

Top five trading equities in the stock exchange 

• FBN Holdings reported 4.69 billion shares, valued at N87.80 billion, were traded on its floor.   
• FCMB recorded 126.76 million shares valued at N744.09 million. 
• Access Corporation saw investors trade 56.48 million shares valued at N1.01 billion. 
• Japaul Gold recorded 55.24 million shares exchanged on its floor, worth N55.77 million. 
• Transcorp reported 49.18 million shares, valued at N185.75 million, exchanged investors’ hands.

Fakoyejo Olalekan

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