Investors gain N88bn on Nigerian Exchange

Sell-offs, UCAP, Seplat, Investors, MTN, Stock market

Investors net worth on the Nigerian Exchange Limited (NGX) appreciated further by N146 billion on Thursday due to gains posted by some medium and largely capitalised stocks.

Specifically, the market capitalisation gained N88 billion or 0.29 per cent to close at N30.326 trillion, from N30.238 trillion reported on Wednesday.

The upturn was a result of dividends announcement and strong corporate results.

Also, the NGX All-Share Index dipped 161.63 points or 0.29 per cent to close at 55,670.24 from 55,508.61 posted on Wednesday.

Market breath was negative as 17 stocks were on gainer’s table while 26 on the laggard’s.

Sunu Assurances led the gainers’ table in percentage terms, gaining 10 per cent to close at 44k per share.

Dangote Sugar followed with 9.94 per cent to close at N19.35, while McNichols gained 9.72 per cent to close at 79k per share.

Geregu Power gained by 9.02 per cent to close at N325, while National Salt Company added 8.93 per cent to close at N8.93 per share.

On the other hand, Sovereign Trust Insurance topped the losers’ chart in percentage terms, shedding 10 per cent to close at 27k per share.

Academy Press followed with a loss of 9.38 per cent to close at N1.16, while Transcorp shed 7.97 per cent to close at N1.65 per share.

Chsms dipped 7.14 per cent to close at 26k, while NGX Group lost 6.55 per cent to close at N27.10 per share.

Transcorp was the most active stock during the day, exchanging 29.75 million shares, valued at N39.15 million.

Access Bank followed with an exchange of 18.65 million shares worth N172.32 million, while UAC of Nigeria traded 14.02 million shares valued at N118.35 million.

Guaranty Trust Holding Company (GTCo) sold 13.06 million shares worth N348.63 million, while Zenith Bank exchanged 9.28 million shares valued at N224.61 million.

In all, investors traded 154.56 million shares valued at N2.27 million in 4,385 deals.

The Star