Champions Breweries, Lafarge, Others Push NGX To N301.85bn Gain
The Nigerian Exchange Limited (NGX) continues its bullish runhave again upstaged the bears on the floor of the as stocks rallied on Thursday.
The NGX’s All-Share Index(ASI) soared by 559.91 index points or 1.06 per cent to close at 53,151.32 basis points as against 52,591.41 basis points recorded on Wednesday.
The market capitalization of all listed equities on exchange appreciated by N301.85 billion, indicating a 1.06 per cent growth to settle at N28.65 trillion compared to N28.35 trillion reported on Wednesday.
The rise in equities was a reflection of the gains recorded by large and medium scale firms which are; Industrial and Medical Gases Nigeria Plc, Champions Breweries Plc, Link Assurance Plc, Livestock Feeds Plc and Lafarge Africa Plc.
The market turnover decreased by 30.4 per cent, as investors bought and sold 266.18 million units of shares worth N5.115 billion in 5,501 deals as against a total of 382.45 million shares valued at N4.23 billion in 5,922 deals transacted the previous trading session.
The market breadth was positive with 27 gainers and eleven laggards compared to 41 stocks dropping in value while 11 companies recorded gains on Wednesday.
The gainers’ table was led in percentage terms by Industrial and Medical Gases Nigeria Plc, gaining 10 per cent to close at N11 per share.
Also, Champions Breweries Plc and Link Assurance Plc, appreciated 9.94 per cent and 9.09 per cent to close at N3. 76 kobo and N0.60 kobo per share respectively.
Livestock Feeds Plc soared by 7.35 per cent to close at N1.46 kobo per share, while Lafarge Africa Plc jumped 6.23 per cent to settle at N28.15 kobo per share.
On the flip side, the losers’ chart was dominated in percentage parameters by NPF Micro Finance Bank Plc, as the financial services firm fell by 9.90 per cent to close at N1.82 kobo per share.
UAC Nigeria dipped 9.69 per cent to close at N11.65 kobo per share, while Academy Press Plc lost 9.59 per cent to close at N1.32 kobo per share.
Similarly, Learn Africa Plc declined by 8.89 per cent to close at N2.05 kobo per share, while Royal Exchanges Plc nosedived 5.26 per cent to settle at N1.08 kobo per share.
Analysis of the activity chart of the Nigerian Bourse shows that Transcorp Hotels Plc was the most active equity in volume parameters, trading a total of 47.65 million shares worth N60.10 million, while Guaranty Trust Holding Company (GTCO) Plc closed as the most valuable brand, transacting 20.65 million shares valued at N481.10 million.
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