Over N467.95bn Gained In Nigerian Stock Market Trading

Nigerian stock market resumed trading on Friday with a 1.42 per cent increase in market capitalisation, after going on break for two days, Wednesday and Thursday, for the Eid-el-Kabir festive period.

Prime Business Africa notes that the increase represents N467.95 billion. This lifted the market capitalisation from Tuesday’s N32.72 trillion to N33.19 trillion on Friday.

The All-Share Index followed the same path, as it rose to 60,968.27 ASI, from 60,108.86 ASI. The ASl appreciated by 859.41 basis points.

On the exchange floor, 998.08 million shares were traded in 10,580 deals, worth N15.95 billion. Note that on Tuesday, they exchanged 763.69 million shares in 9,463 deals, valued at N12.53 billion.

Top five gainers 

• PZ’s share appreciated by N2 to rise from N20 to N22 per share. 
• Eterna grew by N1.90 kobo, up from N19.10 kobo to N21 per share.  
• Learn Africa ended trading with N3.21 kobo from N2.92 kobo per share, rising by N0.29 kobo.  
• Ikeja Hotel gained N0.36 kobo to end trading at N3.99 kobo, having opened with N3.63 kobo per share.  
• Transcorp Hotel’s stock was up by N2.11 kobo, closing at N23.40 kobo from N21.29 kobo per share.  

Top five losers 

• Pharma Deko depreciated by N0.20 kobo, dwindling from N2 to N1.80 kobo per share.  
• Cornerstone also fell by N0.11 kobo to end trading at N1.10 kobo, after opening at N1.21 kobo per share.  
• Guinea Insurance followed the same path, losing 8.70 per cent after trading hours, to sell at N0.21 kobo from N0.23 kobo per share.  
• Universal Insurance reported a decline of 8.70 per cent from the previous day’s share price of N0.23 kobo to end trading at N0.21 kobo per share.  
• Prestige’s share depreciated to N0.48 kobo from N0.52 kobo, after losing 7.69 per cent during trading hours. 

Top five trading equities in the stock exchange 

• Access Corporation reported 255.06 million shares, valued at N4.14 billion, were traded on its floor.  
• FCMB recorded 97.16 million shares valued at N498.02 million. 
• UBA saw investors trade 90.63 million shares valued at N1.11 billion. 
• GTCO recorded 77.03 million shares exchanged on its floor, worth N2.69 billion. 
• Zenith Bank reported 74.39 million shares, valued at N2.53 billion, exchanged investors’ hands.

Fakoyejo Olalekan

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