Business

Investors Make N662.36 million Despite Nigerian Stock Market’s Sluggish Growth

Investors in Nigerian stock market pocket N662.36 million on Tuesday, after the market capitalisation grew sluggishly from N26.914 trillion to N26.915 trillion.

Similarly, the All Share Index increased to 49,416.18 ASI after adding 1.22 basis points to the 49,414.96 ASI.

On the exchange floor, over 100.09 million shares were traded in 3,186 deals, valued at N1.29 billion, on Tuesday, in contrast to the N1.32 billion used to exchange 76.74 million shares in 3,262 deals on Monday. 

Top five gainers

UPDC REIT share appreciated by N0.25kobo to rise from N2.90kobo to N3.15kobo per share  

Royal Exchange grew by 5.95 per cent, up from N0.84kobo to N0.89kobo per share  

Ardova ended trading with N17.40kobo from N16.70kobo per share, rising by N0.70kobo.  

Vitafoam gained N0.75kobo to end trading at N21.75kobo, having opened with N21. 

Custodian stock was up by N0.15kobo, closing with N5.60kobo from N5.45kobo per share.  

Top five losers

Neimeth depreciated by N0.14kobo, dwindling from N1.45kobo to N1.31kobo per share.  

SCOA also fell by 9.41 per cent to end trading at N0.77kobo, after opening with N0.85kobo per share.  

UPDC followed the same path, losing 7.07 per cent after trading hours, to sell at N0.92kobo from N0.99kobo per share. 

RT Briscoe reported a decline of 6.90 per cent from previous day’s share price of N0.29kobo to end trading at N0.27kobo per share.  

Chams share depreciated to N0.21kobo from N0.22kobo, after losing 4.55 per cent during trading hours. 

Top five trading equities in stock exchange

GTCO reported 16.43 million shares valued at N354.74 million were traded on its floor  

Consolidated Hallmark Insurance recorded 9.26 million shares valued at N5.44 million  

UBA saw investors trade 7.11 million of its shares valued at N52.46 million  

FTN Cocoa recorded 7.09 million shares exchanged on its floor, worth N2.01 million 

Access Corporation reported 5.26 million shares valued at N45.15 million exchanged investors’ hands.

Fakoyejo Olalekan

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