Investors’ Fortune Rises By N86 Billion In Four Trading Days

By Helen Oji

Transactions on the equities sector of the Nigerian Exchange Limited (NGX) sustained a rising profile yesterday, as investors’ wealth increased further by N86 billion in four trading days.

Specifically, market capitalisation of listed equities rose by N86 billion, from N29.610 trillion at which it opened for the week on Monday to N29.696 trillion yesterday.

Similarly, the NGX All Share Index also appreciated by 155.53 points to 54,520.20 to 54,364.67.

Yesterday’s upturn was impacted by gains recorded in medium and large capitalised stocks, among which are Geregu, Nigerian Breweries, Guinness, TrippleG and Zenith Bank.

On the price movement chart, Tripple G led gainers chart, adding 9.70 per cent to close at N1.81 kobo, RTBriscoe followed with a gain of 7.14 per cent to close at 30 kobo.

JapaulGold gained 7.14 per cent to close at 30 kobo, Living Trust added 6.90 per cent to close at N2.17, kobo Veritas Kapital added five per cent to close at 21 kobo per share.

Honeywell flourmills added 3.79 per cent to close at N2.19 kobo. Geregu appreciated by 3.67 per cent to close at N217.70 kobo. Chams gained 3.57 per cent to close at 29 kobo. Ikeja Hotel added 2.88 per cent to close at N1.07 kobo. Sterling Bank garnered 2.65 per cent to close at N1.55 kobo.

However, Courteville Business Solutions topped losers chart, dropping by 9.62 per cent to close at 47 kobo while CWG trailed with a loss of 8.99 per cent to close at 81 kobo. NGX group declined by 6.69 per cent to close at N26.50 kobo, Wapic Insurance was down by 4.65 per cent to close at 41 kobo. Fidelity Bank dropped 3.27 per cent to close at N5.03 kobo.

TransNational Corporation depreciated by 3.17 per cent to close at N1.22 kobo. Mutual Benefit Assurance lost 3.13 per cent to close at 31 kobo. Lafarge Wapco shed 2.44 per cent to close at N26.

Wema Bank fell by 2.20 per cent to close at N4. International Breweries shed 2.13 per cent to close at N4.60 kobo. UACN also dropped 1.10 per cent to close at N9.

Investors traded 125.860 million shares valued at N3.602 billion in 2670 deals against 134.459 million shares valued at N4.355 million in 2905 deals.

Trading activities in the shares of Universal Trust Insurance led activity with account of 48.553 million shares valued at N9.710 million,GTCO Plc followed with 19.173 million shares cost N481.722 million, United Bank for Africa traded 14.357 million shares cost N120.585 million, Access Corp exchanged 11.569 million shares valued at N104.882 million while Zenith Bank exchanged 8.44 million shares valued at N214.560 million.

Source: The Guardian