Get Guardian on GoogleThe Nigerian Exchange Limited (NGX) reopened upside yesterday, as gains in SFSReits, BUA Cement and others lifted investors’ wealth by N155 billion.
At the close of transactions, the all-share index, which measures the performance of quoted companies, rose by 244.53 points from 142,133.03 recorded last week Friday to 142,377.56.
Similarly, market capitalisation of listed equities appreciated N155 billion or 0.2 per cent to N90.115 trillion from N89.960 trillion. The upturn was impacted by gains recorded in medium and large capitalised stocks amongst which are SFSREITS, BUA Cement, MTN, Eterna, Eunicell, Fidelity Bank, Fidson and GTCO.
Volume of trades declined by 134.716 million, representing 25.97 per cent as investors traded 383.945 million against 518.661 million traded on Friday. Valued of transactions dipped by 35.63 per cent to settle at N11.617 billion.
On the price movement chart, 25 stocks appreciated in price while 36 constituted the losers chart. ThomasWay and SFSReit led gainers chart in volume terms with 10 per cent each to close at N3.63 kobo and N364.55 kobo.
Living Trust Insurance followed with a gain of 9.9 per cent to close at N5.66 kobo, Eterna added 9.86 per cent to close at N30.65 kobo. Caverton Business Solutions was up by 9.28 per cent to close at N6.85 kobo.
On the contrary, Mansard Insurance topped losers shares , dropping by 10 per cent to close at N14.40, UPL trailed with a loss of 9.85 per cent to close at N5.40, Julius Berger fell by 8.7 per cent to close at N136.50, Cornerstone Insurance fell by 7.42 per cent to close at N5.86 kobo.
Trading in the shares of FirstHoldco Plc led market activities with 47.493 million shares valued at N1.471 billion, EllahLakes followed with account of 24.461 million shares worth N290.868 million, Veritas Kapital exchanged 21.872 million shares valued at N44.658 million, Zenith Bank traded 18.746 million shares cost N1.306 billion while Chams Plc exchanged 16.764 million shares valued at N56.563 million.
