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NGX: Market capitalisation up N1.09bn

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The market capitalisation of the Nigerian Exchange Ltd. (NGX) on Tuesday gained N1.09 billion, closing at N26.768 trillion against N26.767 trillion on Monday.

Similarly, the All Share Index (ASI) rose by 2.01 points, representing a gain of 0.004 per cent to 49,627.72 points from 49,625.71 the previous day.

However, market breadth closed negative as 16 equities lost relative to 13 gainers.

Multiverse Mining and Exploration recorded the highest price gain of 9.69 per cent to close at N2.83, per share.

NPF Microfinance Bank followed with a gain of 7.84 per cent to close at N1.65 and Pharma-Deko Plc went up 5.13 per cent to close at N2.05 per share.

Cutix was up by 5.12 per cent to close at N2.26, while Fidelity Bank appreciated by 3.02 per cent to close at N3.41 per share.

On the other hand, Red Star Express led the losers’ chart by 10 per cent to close at N2.43 per share.

PCaverton Offshore Support Group followed with a decline of 4.55 per cent to close at N1.05, while Livestock Feeds lost 4.31 per cent to close at N1.11, per share.

Sovereign Trust Insurance declined 3.70 per cent to close at 26 kobo, while Lasaco Assurance shed 3.13 per cent to close at 93 kobo, per share.

The total volume of trades increased by 85.1 per cent to 160.244 million units, valued at N1.488 billion and exchanged in 3,847 deals.

Transactions in the shares of Zenith Bank topped the activity chart with 26.736 million shares valued at N536.650 million.

Courteville Business Solutions followed with 24.102 million shares worth N11.328 million, while Transnational Corporation of Nigeria (Transcorp) traded 16.249 million shares valued at N16.992 million.

International Energy Insurance traded 12.768 million shares valued at N20.429 million, while Chams transacted 9.314 million shares worth N3.224 million.

vanguard newspaper nigeria

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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