Over N535.37bn Gained By Shareholders In Dangote Sugar, Tantalizer, Others

In a report released by the Nigerian Exchange Limited (NGX), over N535.37 billion was gained in the stock market on Friday, following an increase in the value of shares of Dangote Sugar, Tantalizer and others.

Prime Business Africa learnt that the gain represented the 1.46 per cent growth in the stock market capitalisation, which rose from N36.42 trillion to N36.95 trillion.

The All-Share Index appreciated by 978.2 basis points to close at 67,527.19 ASI, rising from 66,548.99 index.

Traders in the stock market traded 503.74 million shares in 7,606 deals, on Friday, valued at N6.91 billion, contrasting with the 620.98 million shares, worth N7.18 billion, exchanged in 7,972 deals on Thursday.

Top five gainers

• Tantalizer share appreciated by 10 per cent to rise from N0.30 kobo to N0.33 kobo per share.
• Dangote Sugar grew by N5.50 kobo, up from N55 to N60.50 kobo per share.
• Lasaco ended trading with N1.98 kobo from N1.80 kobo per share, rising by N0.18 kobo.
• UPL gained N0.22 kobo to end trading at N2.58 kobo, having opened with N2.36 kobo per share.
• Nahco’s share was up by N2.35 kobo, closing at N25.95 kobo from N23.60 kobo per share.

Top five losers

• Prestige depreciated by 8.70 per cent, dwindling from N0.46 kobo to N0.42 kobo per share.
• Glaxo Smith declined by N0.90 kobo to end trading at N13, after opening at N13.90 kobo per share.
• Honeywell Flour followed the same path, losing N0.20 kobo after trading hours, to sell at N3.20 kobo from N3.40 kobo per share.
• Champion Brew reported a decline of N3.30 kobo from the previous day’s share price of N3.50 kobo to end trading at N3.30 kobo per share.
• May & Baker’s share depreciated to N4.85 kobo from N5.10 kobo, after losing N0.25 kobo during trading hours.

Top five trading equities in the stock exchange

• Transcorp Plc reported 83.31 million shares, valued at N541.81 million, were traded on its floor.
• Fidelity Bank recorded 58.33 million shares valued at N449.24 million.
• Access Corporation saw investors trade 34.54 million shares valued at N588.16 million.
• Sterling Financial Holdings recorded 31.43 million shares exchanged on its floor, worth N106.53 million.
• Jaiz Bank reported 21.21 million shares, valued at N32.32 million, exchanged investors’ hands.

Fakoyejo Olalekan

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