Stock Market Cap Up By N564.84bn, FBN, Fidelity Top Trade

Written by Fakoyejo Olalekan

The market capitalisation of the Nigerian stock exchange increased by N564.84 billion or 1.61 per cent to rise from N34.91 trillion to N35.48 trillion on Thursday.

After trading, the All-Share Index closed at 65,204.82, up from 64,167.39 ASI, after bagging 1,037.43 basis points during the session.

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About 361.19 million shares were traded in 5,531 deals on the exchange floor on Thursday, at a worth of N5.74 billion.

During trading the day before, investors parted with N2.61 billion in 6,001 deals for 238.03 million shares.

Top five gainers

Chellaram’s share appreciated by N0.40 kobo to rise from N4 to N4.40 kobo per share.
SCOA grew by N0.10 kobo, up from N1.07 to N1.17 kobo per share.
Dangote Cement ended trading with N349.90 kobo from N320 per share, rising by N29.90 kobo.
Thomas Wyatt gained N0.11 kobo to end trading at N1.29 kobo, having opened with N1.18 kobo per share.
Universal Insurance’s stock was up by 9.09 per cent, closing at N0.24 kobo from N0.22 kobo per share.

Top five losers

CAP depreciated by N2.20 kobo, dwindling from N22 to N19.80 kobo per share.
Academy declined by N0.22 kobo to end trading at N2.13 kobo, after opening at N2.35 kobo per share.
Dangote Sugar followed the same path, losing N2.30 kobo after trading hours, to sell at N32.40 kobo from N34.70 kobo per share.
Glaxo Smith reported a decline of N9.85 kobo from the previous day’s share price of N9.85 kobo to end trading at N9.20 kobo per share.
Chams’ share depreciated to N0.95 kobo from N0.99 kobo, after losing 5.05 per cent during trading hours.

Top five trading equities in the stock exchange

FBN Holdings reported 140.17 million shares, valued at N2.60 billion, were traded on its floor.
Fidelity Bank recorded 21.55 million shares valued at N165.18 million.
Universal Insurance saw investors trade 18.70 million shares valued at N4.21 million.
Transcorp recorded 17.30 million shares exchanged on its floor, worth N62.60 million.
UBA reported 13.08 million shares, valued at N188.99 million, exchanged investors’ hands.

Fakoyejo Olalekan

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