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NGX: Capitalisation gains N143bn on gains by Cadbury, Seplat shares

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The market capitalisation of Nigerian Exchange Ltd. (NGX) on Thursday gained N143 billion, or 0.55 per cent, to close at N26.328 trillion from N26.185 trillion.

Similarly, the All Share Index (ASI) increased by 0.55 per cent to close at 48,837.76 points from 48,571.75 points on Wednesday.

The Market closed positive as 30 stocks were on the gainers’ chart, with 16 others on the laggard’s table.

Cadbury and Mutiverse led the gainers’ chart in percentage terms by 10 per cent to close at N9.35 and 22k per share respectively.

Trans Express followed with a gain 9.88 per cent to close at 89k while CAP rose by 9.77 per cent to close at N21.90 per share. Seplat also went up by 9.09 per cent to close at N1, 200.

On the other hand, Champion led the losers’ chart in percentage terms by 6.88 per cent to close at N2.30k per share, just as FTNCocoa shed 5.14 per cent to close at 37k per share.

Linkage Assurance lost 3.92 per cent to close at 49k per share, while Courtville lost 3.77 per cent to close at N51k per share.

Fidelity Bank followed with 3.47 per cent to close at N3.62 per share.

A total of 759.65 million shares valued at N5.54 billion were exchanged in 5,032 deals.

Also, the total volume traded increased to 391.89 million units from 245.42 million units recorded the previous day.

Also total value of trade stood at N9.95 billion exchanged in 5,419 deals.

Transactions in the shares of First City Monument Bank(FCMB) topped the volume chart with 503.98 million shares valued N1.76 billion.

Transcorp followed with 36.18 million shares worth N41.85illion, while Honey Flour traded 25.06 million shares valued N92.82 million.

First Bank of Nigeria Holding Bank (FBNH) traded 16.96 million shares valued N201.81 million, while AIICO transacted 16.60 million shares worth N12.52 million.

Olawunmi Ashafa

NEWSVERGE, published by The Verge Communications is an online community of international news portal and social advocates dedicated to bringing you commentaries, features, news reports from a Nigerian-African perspective. A unique organization, founded in the spirit of Article 19 of the Universal Declaration of Human Rights, comprising of ordinary people with an overriding commitment to seeking the truth and publishing it without fear or favour. The Verge Communications is fully registered with the Corporate Affairs Commission of the Federal Republic of Nigeria as a corporate organization.

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