Stock Market Gains N173.73bn Amid Low Demand For Abbey Mortgage, Others

January 12, 2023
Bulls Charge Ahead As NGX Shatters Records As Market Cap Surpasses N50trn

The market capitalisation grew by 0.61 per cent or N173.73 billion gain on Thursday, as the value of the stock market climbed from N28.17 trillion to N28.34 trillion.

Also, the All Share Index increased in value from 51,729.87 ASI to 52,048.85 ASI, after gaining 318.98 basis points on Thursday.

Join our WhatsApp Channel

Over 211.74 million shares, worth N7.72 billion were exchanged in 3,462 deals on Thursday.

During the previous trading, 281.94 million shares were traded in 3,679 deals on Wednesday, valued at N8.15 billion.

Top five gainers 

Ellah Lakes share appreciated by N0.36kobo to rise from N3.60kobo to N3.96kobo per share 

Lasaco grew by N0.10kobo, up from N1 to N1.10kobo per share 

International Breweries ended trading with N5.05 from N4.65kobo per share, rising by N0.40kobo. 

Dangote Sugar gained N1.15kobo to end trading at N17.15kobo, having opened with N16 per share. 

Sunu Assurance stock was up by 6.90 per cent, closing at N0.31kobo from N0.29kobo per share 

Top five losers 

Abbey Mortgage Bank depreciated by N0.17kobo, dwindling from N1.70kobo to N1.53kobo per share. 

Chellarams also fell by N0.16kobo to end trading at N1.48kobo, after opening with N1.64kobo per share. 

FTN Cocoa followed the same path, losing 3.57 per cent after trading hours, to sell at N0.27kobo from N0.28kobo per share.   

Nahco reported a decline of N0.25kobo from the previous day’s share price of N7.05 to end trading at N6.80kobo per share.  

Royal Exchange share depreciated to N0.98kobo from N1, after losing 2 per cent during trading hours. 

Top five trading equities in the stock exchange 

Mansard reported 26.25 million shares valued at N52.51 million were traded on its floor   

GTCO recorded 19.80 million shares valued at N476.88 million  

Chams saw investors trade 17.90 million of its shares valued at N4.44 million 

Royal Exchange recorded 14.20 million shares exchanged on its floor, worth N13.37 million  

FBN Holdings reported 11.82 million shares valued at N131.37 million exchanged investors’ hands

Featured Stories

Latest from Business

MTN Shareholders, Karl Toriola Lose N581.57bn Within Three Days

FG to Review MTN Group’s Acquisition of IHS Towers Over Sector Impact

The Federal Government has said it will undertake a comprehensive assessment of the reported acquisition of IHS Towers by MTN Group, citing the strategic importance of telecommunications infrastructure to Nigeria’s national security, economic stability and digital growth, Prime Business Africa reports. In

Zenith Bank, Skyway Aviation Drag Down NGX Market Cap By N577.40bn

The market capitalisation of the Nigerian Exchange (NGX), also known as the stock market, decreased to N121.55 trillion on Tuesday, February 17, from the N122.12 trillion recorded on Monday, February 16. This represents a decline of N577.40 billion in the market capitalisation,

Soludo Seals Shops for Two Weeks over Monday Sit-at-Home

The Anambra State Government has sealed dozens of shops at two major markets in Idemili North council area after traders failed to open for business on Monday, despite a directive to resume trading. The affected markets are the Building Materials Market in
Nigerian Newspapers: Top 10 Business Stories Set Off Your Thursday
Previous Story

Top 10 stories From Nigerian Newspapers Today, January 12, 2023

Next Story

IFAB, FIFpro Set To Hold Talks On Concussion Substitution

Don't Miss

Wigwe: Flying In Bad Weather Wrong, Says US Aviation Lawyer

10 Facts To Know About Access Bank CEO, Herbert Wigwe

On February 9, 2024, the world lost a visionary Nigerian
US Election: Global Stock Markets Rises As Presidential Race Narrows, Key Policies Awaited

US Election: Global Markets Rise As Presidential Race Narrows, Key Policies Awaited

Global Markets Respond to US Election Uncertainty Global markets opened