Stock Market Investors In Nigeria Pocket N534bn After Trading

Investors closed trading in the Nigerian stock exchange with N534.01 billion gain on Monday, pushing the bourse’s capitalisation to N33.73 trillion, having settled at N33.19 trillion last week Friday.

This was disclosed by the Nigerian Exchange Limited (NGX), the capital market authority, which also stated that the All-Share Index rose by 980.97 to 61,949.24 ASI, up from 60,968.27 ASI. 

After trading, 1.20 billion shares exchanged investors’ hands on Monday in 12,128 deals, worth N14.03 billion. This is more than the 998.08 million shares investors exchanged on Friday in 10,580 deals, valued at N15.95 billion.

Top five gainers

• Japaul Gold’s share appreciated by 10 per cent to rise from N0.70 kobo to N0.77 kobo per share. 
• UPL grew by N0.25 kobo, up from N2.50 kobo to N2.75 kobo per share.  
• Fidelity Bank ended trading with N7.70 kobo from N7 per share, rising by N0.70 kobo.  
• Meyer gained N0.24 kobo to end trading at N2.64 kobo, having opened with N2.40 kobo per share.  
• Eterna’s stock was up by N2.10 kobo, closing at N23.10 kobo from N21 per share.  

Top five losers

• Tripple Gee depreciated by N0.37 kobo, dwindling from N3.75 kobo to N3.38 kobo per share.  
• Cornerstone also fell by N0.10 kobo to end trading at N1, after opening at N1.10 kobo per share.  
• NSLTECH followed the same path, losing 9.09 per cent after trading hours, to sell at N0.30 kobo from N0.33 kobo per share.  
• Associated Bus Company reported a decline of 6.82 per cent from the previous day’s share price of N0.44 kobo to end trading at N0.41 kobo per share.  
• Julius Berger’s share depreciated to N30 from N31, after losing N1 during trading hours. 

Top five trading equities in the stock exchange

• FCMB reported 173.80 million shares, valued at N930.69 million, were traded on its floor.  
• UBA recorded 160.67 million shares valued at N2.11 billion. 
• Access Corporation saw investors trade 132.51 million shares valued at N2.11 billion. 
• Jaiz Bank recorded 80.63 million shares exchanged on its floor, worth N138.39 million. 
• Transcorp reported 74.96 million shares, valued at N28524 million, exchanged investors’ hands. 

Fakoyejo Olalekan

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