Stock Market Cap Increases By N10 billion Amid Gains In Oando, Transcorp

Over N10 billion was added to the stock market capitalisation on Monday, lifting the Nigerian bourse’s valuation to N28.44 trillion.

During the previous trading session, the market capitalisation had closed at N28.43 trillion. This means the valuation rose slightly by 0.03 per cent. 

The All-Share Index inched higher by 16.67 basis points from 52,214.62 ASI to 52,231.29 ASI. 

About 626.38 million shares exchanged investors’ hands on Monday in 6,033 deals, worth N5.59 billion, contrasting with the 1.41 billion shares exchanged in 5,527 deals on Friday, worth N10.98 billion. 

Top five gainers 

• Oando’s share appreciated by N0.55kobo to rise from N5.55kobo to N6.10kobo per share.         
• NCR grew by N0.25kobo, up from N2.56kobo to N2.81kobo per share.         
• Transcorp ended trading with N2.84kobo from N2.59kobo per share, rising by N0.25kobo.       
• Ikeja Hotel gained N0.15kobo to end trading at N1.71kobo, having opened with N1.56kobo per share.
• Julius Berger’s stock was up by N2.50kobo, closing at N31 from N28.50kobo per share.           

Top five losers 

• CWG depreciated by N0.20kobo, dwindling from N2.07 to N1.87kobo per share.            
• NEM also fell by N0.43kobo to end trading at N4.12kobo, after opening at N4.55kobo per share.            
• Royal Exchange followed the same path, losing 7.41 per cent after trading hours, to sell at N0.50kobo from N0.54kobo per share.            
• Cutix reported a decline of N0.10kobo from the previous day’s share price of N2.42kobo to end trading at N2.32kobo per share.            
• AIICO share depreciated to N0.557kobo from N0.59kobo, after losing 3.39 per cent during trading hours. 

Top five trading equities in the stock exchange

• Transcorp reported 190.85 million shares, valued at N530.82 million, were traded on its floor.          
• Access Corporation recorded 125.05 million shares valued at N1.24 billion.           
• FBN Holdings saw investors trade 79.70 million of its shares valued at N956.47 million.           
• UBA recorded 39.10 million shares exchanged on its floor, worth N324.29 million.            
• Royal Exchange reported 27.92 million shares, valued at N14.21 million, exchanged in investors’ hands.

Fakoyejo Olalekan

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