Lafarge, Conoil, Others Lift NGX N50.97bn Gain
The recovery of the Nigerian Exchange Grop (NGX) on Wednesday continued as the All-Share Index and Market Capitalization rose by 0.29 percent.
The Equities market also recorded a gain in the previous trading session when the ASI and market capitalisation appreciated by 0.43 percent.
Transaction on Wednesday saw the ASI leapt by 97.4 index point or 0.29 percent to close at 39,112.98 basis point up from 39,015.58 basis point.
Remarkably, the Equities Capitalisation gained N50.973 billion, representing 0.29 percent to stand at N20.469 trillion from the 20.418 trillion it opened trading with.
The stock market was majorly buoyed by the surge in the shares of Lafarge Africa and other medium and lower equities including Coniil Plc, University Press, Studio Press and Eterna Plc.
The market turnover decreased by
30.77 per cent, as investors bought and sold 234. 684 million shares worth N1.61 billion in 3,650 deals compared to 339.018 million worth of shares valued at N2.703 billion in 4,203 deals traded the previous trading session.
The market breadth was marginally positive, with 21 laggard equities and 22 advanced stocks.
The gainers’ table was led in percentage ramifications by Conoil Plc, gaining by 9.97 percent to close at N18. 75 Kobo per share.
Also, Studio Press and Eterna Plc rose by 9.88 and 9.48 percent to close at N1. 78 Kobo and N6. 35 Kobo per share respectively.
In the same vein, University Press appreciated by 9.40 percent to close at N1. 28 Kobo per share, while Lafarge Africa climbed by 6.83 percent to close at N21. 90 Kobo per share.
On the flip side, Guinness Nigeria Plc dominated the top decliners in percentage parameters, falling by 9.89 percent to close at N28. 70 Kobo per share.
Portpaint Plc declined by 9.85 percent to close at N2 .38 Kobo per share, while Academy Press Plc dipped 9.76 percent to close at N0. 37 Kobo per share.
Also, Learn Africa Plc and Sovereign Trust Insurance Plc shed 8. 26 and 7.41 percent to close at N1. 00 Kobo and N0. 25 Kobo per share respectively.
Access Bank was the most active stock, trading at 28.177 million shares valued at N213.187 million, while Guaranty Trust Bank was the most valuable stock at N423.108 million.
Comments are closed.