Finance

Stock market hits four-month high, investors gain N65bn

Equity investors in the Nigerian Exchange Limited gained N64.93bn on Thursday as the NGX All-Share Index rose by 0.32 per cent to 39,670.29 basis points, its highest since April 26, 2021.

The market capitalisation of equities increased to N20.67tn on Thursday from N20.60tn the previous day.

Trading volume jumped by 52.90 per cent from 132.01 million shares worth N2.67bn traded in 3,307 deals on Wednesday to 201.84 million shares valued at N1.68bn in 3,274 deals.

Read:  Learn Africa Plc records N2.39B turnover, introduces earn Africa eReader

By sector, the NGX Insurance and NGX Industrial indices increased by 0.77 per cent and 0.22 per cent respectively, while the Banking, Consumer Goods and Oil & Gas Indices depreciated by 0.06 per cent, 1.68 per cent and 0.07 per cent respectively.

Twenty-three firms saw gains on Thursday as against 17 losers.

Neimeth International Pharmaceuticals Plc and Nigerian Aviation Handling Company Plc emerged the biggest gainer as their share prices rose by 10.00 per cent to N1.87 and N2.97 per share respectively.

Read:  DMO offers October savings bonds for subscription

Honeywell Flour Mills Plc (+9.96 per cent), BOC Gases Plc (+9.90 per cent), and Pharma-Deko Plc (+9.79 per cent) were the other top gainers.

Nigerian Breweries Plc recorded the biggest loss as its share price decreased by 8.77 per cent to close at N52.00.

Consolidated Hallmark Insurance Plc was second with a N6.67 per cent loss, closing at N3.70 per cent. Sovereign Trust Insurance Plc, Ecobank Transnational Corporation, and FCMB Group Plc lost 3.70 per cent, 3.64 per cent and 3.50 per cent respectively.

Read:  Ardova raises N25.3bn bonds under its N60bn debt issuance programme

Punch

Related posts

GTCO posts N151.9bn pre-tax profit in Q3

NigGal

Shareholders of Conoil approve N1.73bn dividend

NigGal

CBN Communique 142 of Monetary Policy Committee Meeting held May 2022

NigGal

Sterling Bank extends N1bn credit to women-owned businesses

NigGal

Cinemas in Nigeria record revenue of N346.6 million in March

NigGal

AIICO bags 2021 BAFI awards

NigGal

Leave a Comment