Investors Gain N248bn As NNFM Tops Gainers’ Chart

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Investors on Thursday gained two hundred and forty-eight billion Naira as the Nigeria stock market increased by 1.01 percent at the close of the day’s business.

Naija News reports that the Nigeria stock market gained N248.0 billion as the market capitalization rose from N24.47 trillion to N24.72 trillion on Thursday.

The All-Share Index after the close of the day’s trading increased by 460.38 basis points to close at 45,890.52 compared to 45,430.14 reported on Wednesday.

Investors traded 873.49 million shares valued at N31.54 billion in 4,342 deals on Thursday. This was higher than the 252.93 million shares worth N8.92 billion that exchanged hands in 4,218 deals the previous day.

Gainers’ Chart

Leading the gainers’ chart, NNFM’s share price rose by N0.65kobo to move from N6.55 kobo to N7.20kobo per share, while Learn Africa’s share value increased by N0.11kobo to end trading with N1.29kobo from N1.18kobo per share.

Cadbury’s share price was up by 7.95 percent to move from N8.80kobo to N9.50kobo per share, while Linkage Assurance gained 7.55 percent to move from N0.53kobo to N0.57kobo per share.

Jaiz Bank rose by 6.35 percent to end trading with N0.67kobo from N0.63kobo per share.

Losers’ Chart

Dangote Sugar led the losers’ table with its share value declining from N18.25kobo to N17.75kobo per share after shedding N0.50kobo in its share price.

Stanbic IBTC’s share depreciated from N37 to N36 per share after losing 2.70 percent in its asset value during trading

Ardova’s share dropped by N0.35kobo to end trading at N13.10kobo from N13.45kobo per share.

FCMB lost 1.67 percent to end trading with N2.95 kobo from N3 per share.

Honeywell Flour completed the list after shedding 1.49 percent from its market price to drop from N3.35kobo to N3.30kobo per share.

Top Traders

CWG led the day’s trading with 517.57 million shares worth N300.19 million, while Dangote Cement traded 102.91 million valued at N28.77 million.

First Bank followed with 54.04 million shares valued at N647.95 million.

Transcorp sold 34.10 million shares worth N34.70 million while Sovereign Insurance traded 20.98 million valued at N4.88 million.

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