Nigeria’s Equity Cap Rises By N50 billion, As Tantalizer, Ikeja Hotel Lift Stock Market

Data obtained from the stock market authority, Nigerian Exchanged Limited (NGX) on Friday, showed that the market capitalisation rose by 0.15 per cent.

The value of the Nigerian stock exchange increased by N50 billion on Thursday, as the bourse closed at N28.42 trillion, up from Thursday’s N28.37 trillion market capitalisation.

The All-Share Index rallied from 52,109.43 ASI, after mopping 78.5 basis points today, to end trading at 52,187.93 ASI.

About 810.77 million shares, valued at N8.20 billion, were traded on Friday, contrasting the N5.14 billion exchanged for 334.23 million shares.

Top five gainers 

• Tantalizer’s share appreciated by 10 per cent to rise from N0.20kobo to N0.22kobo per share. 
• FTN Cocoa grew by 10 per cent, up from N0.40kobo to N0.44kobo per share. 
• NCR ended trading with N3.09 from N2.81kobo per share, rising by N0.28kobo. 
• Ikeja Hotel gained N0.18kobo to end trading at N2.03, having opened with N1.85kobo per share. 
• Caverton’s stock was up by N0.10kobo, closing at N1.15kobo from N1.05 per share. 

Top five losers 

• Ardova depreciated by N2.20kobo, dwindling from N22.35kobo to N20.15kobo per share. 
• CWG also fell by N0.15kobo to end trading at N1.54kobo, after opening at N1.69kobo per share. 
• Transcorp followed the same path, losing N0.16kobo after trading hours, to sell at N2.64kobo from N2.80kobo per share. 
• May and Baker reported a decline of N0.20kobo from the previous day’s share price of N4.20kobo to end trading at N4 per share. 
• Wema Bank’s share depreciated to N4 from N4.15kobo, after losing N0.15kobo during trading hours. 

Top five trading equities in the stock exchange 

• Fidelity Bank reported 269.72 million shares, valued at N1.48 billion, were traded on its floor. 
• Capital Hotel recorded 226.10 million shares valued at N1.58 billion. 
• Zenith Bank saw investors trade 57.84 million of its shares valued at N1.45 billion. 
• UBA recorded 48.90 million shares exchanged on its floor, worth N408.18 million. 
• Access Corporation reported 40.94 million shares, valued at N418.01 million, exchanged investors’ hands.

Fakoyejo Olalekan

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