Stock Market In Nigeria Rises By N1.21 trillion In Value, GTCO, Zenith Bank Among Gainers

Nigerian bourse’s market capitalisation went up from Friday’s N30.45 trillion to N31.67 trillion on Tuesday, indicating N1.21 trillion or 3.99% growth in the stock exchange valuation.

It followed the same path as the All-Share Index, which rose to 58,163.59 index points, up by 2,232.62 basis points from 55,930.97 ASI.

Investors on the exchange floor traded 1.18 billion shares, valued at N19.22 billion, on Tuesday, in 10,369 deals.

This contrasted with the 574.73 million shares exchanged by investors in 6,595 deals on Friday, valued at N6.08 billion.

Top five gainers 

• GTCO’s share appreciated by N2.8 kobo to rise from N28 to N30.80 kobo per share.  
• Lasaco grew by N0.18 kobo, up from N1.8 to N1.98 kobo per share.  
• Access Corporation ended trading with N14.30 kobo from N13 per share, rising by N1.3 kobo.  
• Nascon gained N1.55 kobo to end trading at N17.05, having opened with N15.5 kobo per share.  
• Zenith Bank’s stock was up by N2.8 kobo, closing at N30.80 kobo from N28 per share.  

Top five losers 

• John Holt depreciated by N0.14 kobo, dwindling from N1.4 kobo to N1.26 kobo per share.  
• Ellah Lakes also fell by N0.4 kobo to end trading at N3.60 kobo, after opening at N4 per share.  
• TIP followed the same path, losing N0.05 after trading hours, to sell at N0.47 kobo from N0.52 kobo per share.  
• Caverton reported a decline of N0.06 from the previous day’s share price of N1.3 kobo to end trading at N1.24 kobo per share.  
• Veritas Kapital share depreciated to N0.22 kobo from N0.23 kobo, after losing N0.01 during trading hours.  

Top five trading equities in the stock exchange

• UBA reported 214.94 million shares, valued at N2.33 billion, were traded on its floor.  
• GTCO recorded 208.06 million shares valued at N6.24 billion.  
• Zenith Bank saw investors trade 85.69 million shares valued at N2.62 billion.  
• Japaul Gold recorded 72.59 million shares exchanged on its floor, worth N37.40 million.  
• Access Corporation reported 72.11 million shares, valued at N1.01 billion, exchanged investors’ hands. 

Fakoyejo Olalekan

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