Connect with us

BUSINESS

Equity market: Capitalisation gains N228bn

Published

on

Activities at the equity market of the Nigerian Exchange Ltd.(NGX) on Monday recorded a positive position, gaining N228 billion amid renewed interest in telco heavyweight, Airtel Africa.

The market capitalisation which rose by N228 billion, or 0.78 per cent, closed at N29.538 trillion as against N29.310 trillion on Friday.

Also, the All-Share Index was up by 419.89 points or 0.78 per cent to close at 54,224.35 compared to 53,304.46 on Friday.

Consequently, the year-to-date (YTD) return rose to 5.8 per cent.

Market breadth closed negative as 13 stocks advanced, while nine declined.

Conoil led the gainers’ chart in percentage terms by 9.93 per cent to close at N38.75, per share.

Computer Warehouse Group followed with 9.88 per cent to close at 89k, while Johnholt rose 9.77 per cent to close at N1.46, per share.

Living Trust Mortgage appreciated by 9.57 per cent to close at N2.52, while Tripple Gee garnered 9.55 per cent to close at N2.18, per share.

Conversely, Capital Hotel dominated the losers’ chart in percentage terms with 9.42 per cent to close at N2.50, per share.

Vitafoam followed with a fall of 7.18 per cent to close at N19.40 while Chams depreciated with 6.90 per cent to close at 27k, per share.

Nigerian Aviation Handling Company (NAHCO) declined by 3.57 per cent to close at N8.10, while Ecobank Transnational Incorporated (ETI) lost by 2.83 per cent to close at N12, per share.

Analysis of the market activities showed trade turnover settled higher relative to the previous session, with the value of transactions up by 46.21 per cent.

A total of 154.63 million shares valued at N5.51 billion were exchanged in 3,095 deals.

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.

Comments
NIGERIA DECIDES

NIGERIA DECIDES

Shell Digital Plan RESPONSIVE600x750
Shell Digital Plan RESPONSIVE600x750
GTB
JoinOurWhatsAppChannel