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Trading on NGX closes green, up by N51bn

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NSE maintain bearish trend despite listing of Ellah Lakes additional shares

Trading on the nation’s bourse closed green on Friday with the market capitalisation rebounding by N51 billion due to gains by some blue chips.

Specifically, the market capitalisation which opened at N22.056 trillion improved by N51 billion to close at N22.107 trillion.

Also, the All-Share Index rose by 82.98 points or 0.20 per cent to close at 42,353.21 against 42,270.23 recorded on Thursday.

A breakdown of the price movement chart shows that Pharm Deko led the gainers’ table in percentage terms, gaining 10 per cent to close at N2.20 per share.

Royal Exchange followed by 9.52 per cent to close at 69k, while Mutual Benefits gained 8.33 per cent to close at 26k per share.

Regal Insurance added 7.89 per cent to close at 41k, while Wapic Insurance increased by 6.25 per cent to close at 51k per share.

On the other hand, Champion Breweries topped the losers’ chart in percentage terms dropping by 10 per cent to close at N2.34 per share.

Honey Well trailed with a loss of 7.61 per cent to close at N3.40, while Academy Press dropped by 5.88 per cent to close at 48k per share.

Courtvellle Business Solutions dipped 5.26 per cent to close at 36k, while Union Bank of Nigeria shed 5.15 per cent to close at N4.60 per share.

However, the volume of shares traded rose by 36.99 per cent with an exchange of 341.69 million shares valued at N3.54 billion in 3,059 deals.

This was against 249.43 million shares worth N3.57 billion achieved in 3,578 deals

International Breweries was the most active stock, accounting for 83.67 million shares valued at N409.43 million.

UACN followed with an account of 62.83 million shares worth N600.91 million, while FBN Holdings traded 32.43 million shares valued at N397.88 million.

Access Bank exchanged 29.21 million shares worth N274.98 million, while Zenith Bank traded 21.94 million shares valued at N550.79 million.

Chinyere Joel-nwokeoma

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