ETI, Julius Berger lead gainers as indices rise further by N273b

EcoBank TransNational Incorporated (ETI) and Julius Berger traded higher at the end of yesterday’s transactions on the equities sector of the Nigerian Exchange Limited (NGX).

The two stocks emerged the day’s highest price gainers with 10 per cent to close at N22 and N67.10 kobo.

Following ETI and Julius Berger yesterday was NEM Plc, adding 9.92 per cent to close at N6.65 kobo.
Other gainers include: RT Briscoe, Omatek, Deap Capital, Guinea Assurance, C&I Leasing, National Salt Company of Nigeria and Jaiz Bank, adding 8.89 per cent, 8.70 per cent, 8.70 per cent, 8.57 per cent, 6.32 per cent, 6.15 per cent and 5.26 per cent to close at 49 kobo, 75 kobo, 75 kobo, 38 kobo, N3.70 kobo, N57 and N2 respectively.

Ella Lakes and Sovereign Trust Insurance also gained 5.16 per cent and 4.76 per cent to close at N3.26 kobo and 44 kobo.

On the other hand, Skyways Aviation Holding Company Plc led the losers chart with 10 per cent to close at N22.95 kobo while SUNU Assurance trailed with a loss of 9.62 per cent to close at N1.41 kobo. May and Baker was down by 5.90 per cent to close at N5.10 kobo, Lasaco Insurance fell by 5.66 per cent to close at N2, while Japaul Gold dipped by 4.35 per cent to close at N2.20 kobo.

Consequently, the market capitalisation of listed equities rose by N273 billion or 0.5 per cent to N58.806 trillion from N58.533 trillion it closed on Tuesday. Also, the All Share Index, which measures the performance of listed equities also appreciated by 842.87 basis points to 104007.31 points from 103524.44 points, reported the previous day. As a result, year to date return went up to 39.10 per cent as NGX recorded 32 gainers against 23 losers.

On what will shape the market in the next trading session, analysts at Vetiva Dealings and Brokerage, said: “Market activity took a major breather, as investors await results from the T-bills primary auction, while also trading cautiously following the rebounds in some of the major sectors. We expect similar tepid session tomorrow (today).”

Volume of activities declined by 238.842 million, representing 42.21 per cent as investors traded 326.945 million shares valued at N9.119 billion in 9570 deals against 565.787 million shares worth N14.233 billion exchanged hands the previous day in 11519 deals.

Trading in the shares of Transnational Corporation of Nigeria led market activities with 38.949 million shares valued at N642.225 million, Unity Bank followed with account of 37.202 million shares worth N69.826 million, GTCO Plc. traded 26.435 million shares cost N1.172 billion while FBN Holdings exchanged 18.615 million shares worth N625.688 million.