Nigerian Stock Investors Make N532.15 billion, As Equity Market Rises 2.02%

Nigerian stock market capitalisation increased by N532.15 billion, after the equity market’s share value rose 2.02% on Thursday.

As a result, the market capitalisation went from N26.25 trillion to N26.78 trillion at the close of trading.

The growth was driven by the All-Share Index which appreciated by 986.63 basis points to 49,661.87, after ending previous day with 48,675.24 ASI.

On Thursday, investors exchanged 226.47 million shares in 3,515 deals worth N2.76 billion.

This was in contrast to the N3.37 billion investors used to trade 167.56 million shares in 3,751 deals on Wednesday.

Top five gainers

• CWG share appreciated by 10 percent to rise from N0.90kobo to N0.99kobo per.
• Learn Africa stock grew N0.22kobo, up from N2.25kobo to N2.47kobo per share.
• Caverton ended trading with N1.15kobo from N1.05 per share, rising by N0.10kobo.
• Multiverse gained N0.20kobo to end trading at N2.30kobo, having opened with N2.10kobo.
• Chams stock was up by 8 percent, closing with N0.27kobo, from N0.25kobo per share.

Top five losers

• Mutual Benefit depreciated by 9.68 percent, dwindling from N0.31kobo to N0.28kobo per share.
• Honeywell Flour also fell by N0.25kobo to end trading at N2.71kobo, after opening with N2.97kobo per share.
• Flour Mill followed the same path, losing N2.05 after trading hours, to sell at N27 from N29.05 per share.
• Unity Bank reported a decline of 4.76 percent from previous day’s share price of N0.42kobo to end trading at N0.40kobo per share.
• FCMB share depreciated to N3.13kobo from N3.13kobo, after losing N0.11kobo during trading hours.

Top five trading equities

• Mutual Benefit reported 74.54 million shares valued at N22.83 million were traded on its floor.
• FBN Holdings recorded 23.42 million shares valued at N251.88 million.
• Access Corp saw investors trade 15.84 million of its shares valued at N130.19 million
• UBA recorded 15.25 million shares exchanged on its floor, worth N107.07 million
• NEM reported 13.48 million valued at N62.12 million, exchanged investors hands

Fakoyejo Olalekan

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