Guinness, Cadbury, Unilever Lift Equities Market To N19.13bn Gain
The Nigerian Exchange Limited (NGX) traded bullish on the resumption of two-day public holidays to mark Easter, the resurrection of Jesus Christ.
On resumption of trading on Tuesday, the NGX’ All-Share Index (ASI) gained 35.48 index points or 0 .07 per cent to settle at 47,545.86 points up from 47,510.38 points.
Significantly, the market capitalization which measures the total value of all listed equities on the Nigerian Bourse also appreciated by N19.13 billion, representing 0 .07 per cent to close at N25.632 trillion as against N25.613 trillion recorded the previous trading session.
The gain recorded by the market was buoyed by appreciation in the stocks of large and medium equities. Among them are; Meyer plc, Guinness Nigeria Plc, NPF Micro Finance Bank Plc, Cadbury Nigeria Plc and Unilever Nigeria Plc.
The market turnover decreased by 5.4 per cent as investors bought and sold 365.453 million shares worth N7.106 billion in 5,790 deals, as against the previous trading session when a total of 385.18 million units of shares valued at N4.022 billion in 6,212 deals were traded
Also, the market breadth returned negative with 31 equities losing compared to 21 stocks advancing on the bourse.
Analysis of the NGX’ losers’ chart shows that Academy Press Plc led the decliners in percentage parameters by 9.72 per cent to close at N1 .30 kobo per share.
Similarly, JohnHolt Plc dipped 9.30 per cent to close at N0. 78 kobo per share, while Japaul Gold Plc fell 9.09 per cent to close at N0. 30 kobos per share.
Also, Neimeth Pharmaceuticals Plc and Pharm Deko Plc lost 8.23 per cent and 7.51 per cent to settle at N1.45 kobo and N1.60 kobo per share.
Conversely, the gainers’ table was led in percentage terms by Meyer plc, ss the company jumped 10 per cent to close at N1. 76 kobo per share.
In the same vein, Guinness Nigeria Plc and NPF Micro Finance Bank Plc, climbed 6.86 per cent and 6.80 per cent to close at N74. 80 kobo and N2.20 kobo per share respectively.
The NGX top five gainers table was completed when consumer goods giants Cadbury Nigeria Plc and Unilever Nigeria Plc appreciated by 5 per cent and 4.51 to close at N8. 40 kobo and N12. 75 kobo per share respectively.
A cursory look at the NGX market activity chart shows that Fidelity Bank Plc was the most active stock in terms of volume as the lender transacted a total of 3375 million units of shares valued at N132.13 million while MTN Nigeria Plc closed trading as the most valuable brand with a total of 22.15 million shares worth N4.72 billion.
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