Gains in 21 stocks lift capitalisation further by N41 billion

Transactions on Nigerian Exchange Limited (NGX) sustained a rising profile yesterday, occasioned by gains in 21 stocks, as market capitalisation increased further by N41 billion.

Specifically, market capitalisation of listed equities increased by 0.16 per cent to N25.526 trillion from N25.485 trillion reported the previous day while the All-Share Index also appreciated by 76.89 basis points to 47363.98 points from 47287.09 points reported on Wednesday.

Vetiva Dealing and Brokerage said: “We anticipate further mixed activity with a slightly bullish close to end the week, as investors continue to trade in line with corporate actions whilst cherry picking attractive counters across board.”

Investors traded 261.558 million shares valued at N4.477 billion in 4672 deals against 336.305 millions shares worth N5.860 billion exchanged hands the previous day in 5248 deals.

An analysis of the transactions showed that RTBriscoe led the gainers’ table by 9.84 per cent to close at .67 kobo. UACN followed with a gain of 9.84 per cent to close at N10.05 kobo. Oando Plc gained 8.83 per cent to close at N5.30 kobo. Presco Plc added 8.74 per cent to close at N125.00 kobo.

Neimeth International Pharmaceutical gained 7.27 per cent to close at N1.77 kobo. Jaiz Bank gained 7.14 per cent to close at 75 kobo while NEM added 6.02 per cent to close at N4.05 kobo.

Guinea Assurance appreciated by 5.00 per cent to close at 21 kobo. Veritas Kapital added 4.55 per cent to close at 23 kobo. National Salt Company of Northern Nigeria also appreciated by 3.85 per cent to close at N13.50 kobo.

However, Royal Exchange topped the losers’ chart, dropping by 9.46 per cent to close at N1.34 kobo while ABC Transport trailed with a loss of 8.57 per cent to close at 32 kobo.

May & Baker Nigeria Plc fell by 6.31 per cent to close at N4.60 kobo. Transnational Corporation of Nigeria dipped by 5.22 per cent to close at N1.09 kobo. Courtvellle Business Solutions depreciated by 4.92 per cent to close at 58 kobo.

Niger insurance lost 4.76 kobo to close at 20kobo. UPDC shed 3.16 per cent to close at 92 kobo. FTN Cocoa dropped 2.78 per cent to close at 35 kobo. UPDC Reits shed 2.70 per cent to close at N3.60 kobo. Unity Bank also lost 2.34 per cent to close at 50 kobo.

Cutix Plc was the toast of investors during the day, accounting for 31.794 million shares valued at N75.684 million, Access Bank followed with account of 15.354 million shares worth N15.551 million, FCMB group exchanged 15.125 million shares worth N50.991 million, Fidelity Bank traded 14.924 million shares valued at N44.084 million, Zenith Bank sold a total of 14.314 million shares worth N379.823 million.