Victor Ezeja
Nigeria’s equity market on Wednesday 7th August, recorded its first positive close this week, rising by 0.18 per cent.
While the All-Share Index increased from Tuesday’s 96,928.52 points to 97,098.98 points, the equity market capitalisation rose from N55.033 trillion to N55.130 trillion.
Join our WhatsApp ChannelTrading at the Nigerian bourse had closed on a note of depreciation on Monday and Tuesday.
The top five gainers were Oando, United Capital, Industrial & Medical Gases Nigeria, Red Star Express, and RT Briscoe.
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Oando’s share price increased the most from N30.55 to N33.60 gaining N3.05 which is 9.98 per cent.
The share price of Industrial & Medical Gases Nigeria rose from N15.70, to N17.25, gaining N1.55 or 9.87 per cent; United Capital moved from N14.65 to N16.19 gaining N1.45 or 9.90 per cent; Red Star Express increased from N3.80 to N4.18 gaining N0.38 or 10 per cent; and RT BRISCOE increased from N1.01 to N1.11 which is N0.10 gain or 9.90 per cent.
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The top five on the losers’ table are NEIMETH Pharmaceuticals, Honeywell flour Mill, Sovereign Trust Insurance Plc, DEAP Capital and Eco Bank.
The top five actively traded shares include Access Holdings (112.62 million units, worth N2.11 billion) United Capital (74.42 million units worth N1.19 billion), Guarantee Trust Bank (74.34 million units worth N3.34 billion), Veritas Kapital Assurance (55.40 million units worth N55.08 million, and United Bank for Africa (40.57 million units worth N851,71).
Victor Ezeja is a passionate journalist with seven years of experience writing on economy, politics and energy. He holds a Master's degree in Mass Communication.
