Stock Market Cap Closes With N28.56 trillion, Amid Losses In Transcorp, Others

Nigerian Exchange Limited (NGX), the capital market authority, reported that equity capitalisation rose to N28.56 trillion on Friday.

According to the NGX, the market capitalisation of the Nigerian bourse recorded an increase of 0.33 per cent or N95.05 billion, to rise from N28.47 trillion. 

The All-Share Index appreciated from 52,290.75 ASI, after gaining 174.56 basis points, to 52,465.31 ASI. 

Trading in the Nigerian bourse, on Friday, closed with investors exchanging 482.59 million shares in 5,298 deals, valued at N5.64 billion. 

This fell short of the 1.27 billion shares, worth N7 billion, that were traded on Thursday, in 5,963 deals. 

Top five gainers 

• CWG’s share appreciated by N0.12kobo to rise from N1.20kobo to N1.32kobo per share.      
• Learn Africa grew by N0.22kobo, up from N2.20kobo to N2.42kobo per share.      
• International Energy Insurance ended trading with N1.24kobo from N1.13kobo per share, rising by N0.11kobo.    
• Custodian gained N0.55kobo to end trading at N6.25kobo, having opened with N5.70kobo per share.      
• Meyer’s stock was up by N0.21kobo, closing at N2.43kobo from N2.22kobo per share.        

Top five losers 

• Transcorp depreciated by N0.21kobo, dwindling from N2.15kobo to N1.94kobo per share.         
• Living Trust also fell by N0.29kobo to end trading at N2.69kobo, after opening at N2.98kobo per share.         
• McNichols followed the same path, losing 9.72 per cent after trading hours, to sell at N0.65kobo from N0.72kobo per share.         
• Veritas Kapital reported a decline of 4.76 per cent from the previous day’s share price of N0.21kobo to end trading at N0.20kobo per share.         
• Jaiz Bank share depreciated to N0.91kobo from N0.95kobo, after losing 4.21 per cent during trading hours.         

Top five trading equities in the stock exchange 

• Access Corp reported 168.78 million shares, valued at N1.85 billion, were traded on its floor.       
• UBA recorded 53.50 million shares valued at N422.41 million.        
• Fidelity Bank saw investors trade 36.01 million of its shares valued at N206.08 million.        
• Zenith Bank recorded 33.15 million shares exchanged on its floor, worth N795.99 million.         
• Wapic reported 30.73 million shares, valued at N13.53 million, exchanged investors’ hands.