Investors Gain ₦248bn As NNFM Tops Gainers’ Chart

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 ₦248.0 billion as the market capitalization rose from ₦24.47 trillion to ₦24.72 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 ₦31.54 billion in 4,342 deals on Thursday. This was higher than the 252.93 million shares worth ₦8.92 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 ₦6.55 kobo to ₦7.20kobo per share, while Learn Africa’s share value increased by N0.11kobo to end trading with ₦1.29kobo from ₦1.18kobo per share.

Cadbury’s share price was up by 7.95 percent to move from ₦8.80kobo to ₦9.50kobo 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 ₦18.25kobo to ₦17.75kobo per share after shedding N0.50kobo in its share price.

Stanbic IBTC’s share depreciated from ₦37 to ₦36 per share after losing 2.70 percent in its asset value during trading

Ardova’s share dropped by N0.35kobo to end trading at ₦13.10kobo from ₦13.45kobo per share.

FCMB lost 1.67 percent to end trading with ₦2.95 kobo from ₦3 per share.

Honeywell Flour completed the list after shedding 1.49 percent from its market price to drop from ₦3.35kobo to ₦3.30kobo per share.

Top Traders

CWG led the day’s trading with 517.57 million shares worth ₦300.19 million, while Dangote Cement traded 102.91 million valued at ₦28.77 million.

First Bank followed with 54.04 million shares valued at ₦647.95 million.

Transcorp sold 34.10 million shares worth ₦34.70 million while Sovereign Insurance traded 20.98 million valued at ₦4.88 million.