Stock Market: Honeywell, Cadbury, Others Record N76.15 billion Gain Within Five Hours

April 27, 2023
Bulls Charge Ahead As NGX Shatters Records As Market Cap Surpasses N50trn

Investors in Honeywell Flour, Cadbury and others on the gainers list pocket N76.15 billion on Thursday, as the Nigerian bourse’s market capitalisation rose by 0.26 per cent.

These equities recorded high demands that lifted the market capitalisation from N28.36 trillion to N28.44 trillion. 

Join our WhatsApp Channel

This was on the back of the All-Share Index that rose by 415 basis points to appreciate from 52,096.01 ASI to 52,235.88 ASI at the end of trading. 

In addition, trading closed at 2.33 billion shares on Thursday. It was exchanged in 6,958 deals, worth N17.61 billion. 

Over 6.47 billion shares, valued at N19.42 billion, were traded in 4,996 deals during the previous session.

Top five gainers 

  • Honeywell Flour’s share appreciated by N0.28kobo to rise from N2.80kobo to N3.08 per share.    
  • Cadbury grew by N1.10kobo, up from N11.20kobo to N12.30kobo per share.
  • Neimeth ended trading with N1.38kobo from N1.26kobo per share, rising by N0.12kobo.  
  • Fidson gained N0.79kobo to end trading at N9.29kobo, having opened with N8.50kobo per share.    
  • CWG’s stock was up by 9.09 per cent, closing at N0.96kobo from N0.88kobo per share.      

Top five losers 

  • Nigerian Breweries depreciated by N3.65kobo, dwindling from N36.50kobo to N32.85kobo per share.       
  • International Energy Insurance also fell by N0.13kobo to end trading at N1.24kobo, after opening at N1.37kobo per share.       
  • Redstar Express followed the same path, losing N0.25kobo after trading hours, to sell at N2.55kobo from N2.80kobo per share.       
  • Berger reported a decline of N0.55kobo from the previous day’s share price of N7.10kobo to end trading at N7.65kobo per share.       
  • Lasaco share depreciated to N1.13kobo from N1.19kobo, after losing 5.04 per cent during trading hours.       

Top five trading equities in the stock exchange 

  • Access Corporation reported 1.23 billion shares, valued at N12.51 billion, were traded on its floor.     
  • Transcorp recorded 873.59 million shares valued at N2.75 billion.      
  • Japaul Gold saw investors trade 45.39 million of its shares valued at N17.27 million.      
  • UBA recorded 26.16 million shares exchanged on its floor, worth N205.87 million.       
  • Fidelity Bank reported 24.96 million shares, valued at N131.58 million, exchanged investors’ hands.
+ posts

Featured Stories

Latest from Business

Naira and dollar exchange

Naira Appreciates Against Dollar, Trades At N1,477 Per USD

The foreign exchange rate of the United States dollar (USD) increased to N1,477.99 kobo per $1 in the parallel market on Tuesday, December 23, from the N1,476.95 kobo per USD recorded on Monday, December 22. This represents a 0.07 percent decline in
The equity market closed in positive territory for the second time this week as stocks rose by 0.04%. Investors traded N15.07bn worth of shares.

Nigerian Stock Market Valuation Rises By N578.89bn To N97.77trn

On Tuesday, December 23, the valuation of the Nigerian Exchange (NGX) Limited, also known as the stock market, increased by N578.89 billion to N97.77 trillion, from the N97.19 trillion recorded on Monday, December 22. The all-share index (ASI) increased to 153,354.13 ASI,
Stock Market Rally Halted As Demand For Ecobank, PZ Cussons Shares Dropped  

ALEX Leads NGX Gainers’ List, Guinea Insurance Among Losers

At the end of trading in the Nigerian stock market on Monday, December 22, the capitalisation of the Nigerian Exchange (NGX) Limited closed at N97.19 trillion. Also, the all-share index (ASI) of the NGX stood at 152,459.07 ASI.Join our WhatsApp Channel Equity
Bridging The Gaps To Safeguard The Future Of Hybrid Work 
Previous Story

Bridging The Gaps To Safeguard The Future Of Hybrid Work 

Ellen Johnson-Sirleaf, Joyce Banda, Helen Clark Hail Oby Ezekwesili At 60, Advocate More Inclusion Of Women In Leadership
Next Story

Ellen Johnson-Sirleaf, Joyce Banda, Helen Clark Hail Oby Ezekwesili At 60, Advocate More Women Inclusion In Leadership

Don't Miss

Fayemi Debunks Report Of Alleged N4bn Fraud Case At EFCC

Fayemi Debunks Report Of Alleged N4bn Fraud Case At EFCC

Former governor of Ekiti State, Dr Kayode Fayemi, has debunked
Kinsmen, Associates Pay Tribute To Senator Annie Okonkwo: SGF Akume, Peter Obi, Utomi, Akpabio On Roll Call

Kinsmen, Associates Pay Tribute To Senator Annie Okonkwo: SGF Akume, Peter Obi, Utomi, Akpabio On Roll Call

Kinsmen, friends, business and political associates of the late popular