Nigerian Bourse Valuation Lifted By N555bn, First Bank, Wema Bank Top Trade

About N555.69 billion was added to the market capitalisation of the Nigerian stock exchange on Friday, raising the caqpitalisation by 1.64 per cent.

This raised the bourse’s valuation to N34.32 trillion, from N33.77 trillion.

The All-Share Index appreciated to 63,040.41 ASI, up by 1,020.53 basis points, compared to the preceding day’s 62,019.88 ASI.

At the end of trading, N13.84 billion was exchanged in 10,393 deals on Friday, for 1.22 billion shares. 

The previous day, investors traded 5.44 billion shares in 9,948 deals, worth N95 billion. 

Top five gainers

• Omatek’s share appreciated by 10 per cent to rise from N0.50 kobo to N0.55 kobo per share. 
• FTN Cocoa grew by N0.29 kobo, up from N2.90 kobo to N3.19 kobo per share. 
• Afromedia ended trading with N0.22 kobo from N0.20 kobo per share, rising by 10 per cent. 
• Prescon gained N20 to end trading at N220, having opened with N200 per share.  
• Fidelity Bank’s stock was up by N0.81 kobo, closing at N8.93 kobo from N8.12 kobo per share. 

Top five losers 

• Multiverse depreciated by N0.37 kobo, dwindling from N3.75 kobo to N3.38 kobo per share.   
• RT Briscoe also declined by 9.59 per cent to end trading at N0.66 kobo, after opening at N0.73 kobo per share.   
• Courtville followed the same path, losing 8.22 per cent after trading hours, to sell at N0.67 kobo from N0.73 kobo per share.   
• Wapic reported a decline of 7.58 per cent from the previous day’s share price of N0.66 kobo to end trading at N0.61 kobo per share.   
• Champion’s share depreciated to N4.60 kobo from N4.75 kobo, after losing N0.15 kobo during trading hours. 

Top five trading equities in the stock exchange

• FBN Holdings reported 131.77 million shares, valued at N2.62 billion, were traded on its floor.   
• Wema Bank recorded 121.03 million shares valued at N644.88 million. 
• FCMB saw investors trade 111.37 million shares valued at N738.25 million. 
• Universal Insurance recorded 101.50 million shares exchanged on its floor, worth N27.36 million. 
• UBA reported 98.24 million shares, valued at N1.38 billion, exchanged investors’ hands.

Fakoyejo Olalekan

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