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Gains in 30 stocks lift capitalisation further by N69 billion

By Helen Oji
11 February 2022   |   2:07 am
Transactions on the Nigerian Exchange Limited (NGX) continued in an upbeat mood yesterday, as gains in 30 stocks lifted market capitalisation further by N69 billion.

Transactions on the Nigerian Exchange Limited (NGX) continued in an upbeat mood yesterday, as gains in 30 stocks lifted market capitalisation further by N69 billion.

Specifically, market capitalisation of listed equities increased by 0.27 per cent to N25.480 trillion from N25.411 trillion reported on Wednesday. Also, the NSE All Share Index, which measures the performance of quoted companies appreciated by 127.11 basis points to 47286.34 points from 47157.23 points traded on Wednesday.

Investors traded 198.115 million shares valued at N3.405 billion in 4294 deals against 297.245 million shares worth N4.694 billion exchanged hands the previous day in 4661 deals.

Analysts at Vetiva Dealings and Brokerage said: “We anticipate further mixed activity with a slightly bullish close to end the week, as investors continue to trade cautiously whilst cherry picking attractive counters across board.”

On the price movement chart, 30 stocks appreciated in price while nine recorded price depreciation. Guinness Nigeria Plc led the gainers’ chart, adding 10 per cent to close at N55.00 kobo while Total Plc followed with a gain of 9.92 per cent to close at N264.90 kobo. UPDL gained 9.90 per cent to close at N1.11 kobo.

RTBriscoe appreciated by 9.09 per cent to close at 36 kobo. UPL garnered 8.16 per cent to close at N2.65 kobo. SCOA appreciated by 8.00 per cent to close at N1.62 kobo while NPF Micro Finance Bank added 7.32 per cent to close at N2.20 kobo.

FBN Holdings gained 5.43 per cent to close at N11.65 kobo. Academy press garnered 4.62 per cent to close at N1.36 kobo. Sovereign Trust Assurance also appreciated by 4.35 per cent to close at 24 kobo.

Veritas Kapital recorded the highest loss, dropping by 4.35 per cent to close at 22 kobo. Union Bank of Nigeria trailed with a loss of 3.20 per cent to close at N6.05 kobo. Ikeja Hotel fell by 2.74 per cent to close at N1.42 kobo.

Regal Insurance dipped by N2.50 to close at 39 kobo. FCMB group depreciated by 2.34 to close at N2.92 kobo. . AIICO shed 1.41 per cent to close at 70 kobo. Sterling Bank dropped 1.16 per cent to close at N1.70 kobo. Oando declined by 99 per cent to close at N5. UACN shed 56 per cent to close at N8.90 kobo

On the activity chart, Chams Plc was the most active stock during the day, exchanging 16.738 million shares valued at N3.515 million, Transnational Corporation of Nigeria followed with account of 15.381 million shares cost N17.816 million, Access Bank traded 14.287 million shares worth N149.459 million, United Bank for Africa traded 12.541 million shares valued at N109.820 million, Flour Mills Nigeria Plc traded 12.145 million shares worth N389.371 million.

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