NGX turnover increases 214.21%, ASI up 0.11%

The volume of shares traded on the Nigerian Exchange (NGX) on Thursday rose by 214.29 per cent with the index appreciating by 0.11 per cent.

It was reported that investors traded 570.20 million shares valued at N2.28 billion in 3,764 deals.

This was against a total of 181.42 million shares worth N2.09 billion exchanged in 3,599 deals on Wednesday.

Honey Well Flour was the toast of investors with a turnover of 384.07 million shares valued at N654.16 million.

It was trailed by Vitafoam with an account of 21.37 million shares worth N331.21 million, while FCMB Group sold 13.60 million shares valued at N42.71 million.

Japaul Gold transacted 12.86 million shares worth N6.36 million, while Sterling accounted for 12.03 million shares valued at N18.50 million.

Also, the NGX All-Share Index appreciated by 41.60 points or 0.11 per to 39,490.06 points from 39,448.46 points reported on Wednesday.

Consequently, month-to-date gain increased to 2.5 per cent, while year-to-date loss moderated to 1.9 per cent.

Similarly, the market capitalisation which opened at N20.553 trillion inched higher by N21 billion to close at N20.574 trillion

Honey Well Flour led the gainers’ table in percentage terms, appreciating by 10 per cent to N1.87 per share.

Wema Bank followed with 3.95 per cent to 79k, while Flour Mills added 3.18 per cent to close at N29.90 per share.

AIICO Insurance gained 2.11 per cent to close at 97k, while GTCO increased by 1.07 per cent to close at N28.40 per share.

Conversely, STS REIT topped the losers’ chart in percentage terms, shedding 9.99 per cent to close at N61.75 per share.

Triple G trailed with a loss of 9.28 per cent to close at 88k, while Regence Insurance dropped 8.51 per cent to 43k per share.

Prestige Insurance was down by 8.33 per cent to close at 44k, while Japaul Gold dipped 7.84 per cent to close at 47k per share.