Investors Pocket N124.46 billion After One Day Stock Trading

On Wednesday, the Nigerian bourse appreciated by 0.4 per cent, adding N124.46 billion to stock investors’ vault.

The gain was recorded on return from Christmas break and public holiday of Monday and Tuesday. Following the gain, the market capitalisation increased to N27.19 trillion, from N27.07 trillion. 

Also, the All Share Index followed the same path rising by 228.51 basis points to move from 49,706.09 ASI to 49,934.6 ASI. 

On the exchange floor, over 498.72 million shares were exchanged in 3,989 deals, worth N3.88 billion on Wednesday. It was in contrast to the 140.36 million shares traded in 2,063 deals on Friday, valued at N4.02 billion. 

Top five gainers 

Cornerstone share appreciated by 10 per cent to rise from N0.50kobo to N0.55kobo per share 

Champion grew by N0.47kobo, up from N4.70kobo to N5.17kobo per share

Geregu ended trading with N127 from N115.50kobo per share, rising by N11.50kobo. 

Wema Bank gained N0.32kobo to end trading at N3.54kobo, having opened with N3.22kobo. 

Thomas Wyatt stock was up by 9.88 per cent, closing with N0.89kobo from N0.81kobo per share. 

Top five losers 

RT Briscoe depreciated by 7.41 per cent, dwindling from N0.27kobo to N0.25kobo per share. 

McNichols also fell by 3.70 per cent to end trading at N0.52kobo, after opening with N0.54kobo per share. 

FTN Cocoa followed the same path, losing 3.45 per cent after trading hours, to sell at N0.28kobo from N0.29kobo per share. 

Wapic reported a decline of 2.44 per cent from previous day’s share price of N0.41kobo to end trading at N0.40kobo per share. 

Sterling Bank share depreciated to N1.39kobo from N1.41kobo, after losing 1.42 per cent during trading hours. 

Top five trading equities in stock exchange 

Veritas Kapital reported 34.85 million shares valued at N69.70 million were traded on its floor 

Access Corp recorded 28.93 million shares valued at N248.24 million 

GTCO saw investors trade 25.74 million of its shares valued at N587.59 million 

Geregu Power recorded 8.68 million shares exchanged on its floor, worth N1.02 billion 

AIICO reported 8.28 million shares valued at N4.61 million exchanged investors’ hands.

Fakoyejo Olalekan

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