Trading rebounds on NGX with N215 billion growth

Trading rebounds on NGX with N215 billion growth

Nigerian Exchange [Photo Creadit: Business Live Nigeria] The Nigerian stock market on Thursday returned to positive territory with capitalisation growing by N215 billion.

The market capitalisation, which opened at N25.289 trillion inched higher by N215 billion or 0.85 per cent to close at N25.504 trillion.

Also, the All-Share Index (ASI) increased by 399.14 points or 0.85 per cent to close at 47,329.80 from 46,930.66 recorded on Wednesday.

The upturn was impacted by gains recorded in large and medium capitalised stocks, amongst which are: Dangote Cement, Oando, Flour Mills, University Press and Red Star Express.

Overall, the market was positive with 23 gainers relative to 19 losers.

Oando dominated the gainers’ chart in percentage terms with 10 per cent to close at N5.17 per share.

Academy Press followed with 9.73 per cent to close at N1.24, while SCOA rose by 9.62 per cent to close at N1.14 per share.

Lasaco Assurance improved by eight per cent to close at N1.08, while R. T. Briscoe appreciated by 7.69 per cent to close at 28k per share.

On the other hand, Pharma Deko led the losers’ chart in percentage terms by 10 per cent to close at N1.98 per share.

Champion Breweries followed with 8.70 per cent to close at N2.10, while Ikeja Hotel shed 6.99 per cent to close at N1.33 per share.

Unity Bank lost 3.77 per cent to close at 51k, while Mutual Benefits Assurance shed 3.70 per cent to close at 26k per share.FBN Holdings followed with 27.95 million shares worth N318.02 million, while Guaranty Trust Holding Company traded 21.29 million shares valued at N584.96 million.Transcorp traded 20.44 million shares valued at N23.12 million, while Oando transacted 18.36 million shares worth N92.48 million.However, the total volume traded decreased by 20.3 per cent to 346.70 million units valued at N3.83 billion exchanged in 4,952 deals.This was in contrast with a turnover of 434.95 million shares worth N6.26 billion traded in 5,878 deals on Wednesday.Transactions in the shares of Fidelity Bank topped the activity chart with 55.94 million shares valued at N160.27 million.(NAN) Economy

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