NGX: Investors Gain N50bn Over Price Appreciation In 31 Stocks

Motolani Oseni

Equities market investors’ on the Nigerian Exchange Limited (NGX) on Monday recorded N50.35 billion gains, due to the price appreciation in 31 stocks.

Specifically, the overall market capitalization value appreciated by N50.35billion to close at N25.457 from N25.406 trillion it opened for trading.

Also, the NGX All-Share Index (ASI) rose by 0.2per cent to 47,233.91 basis points yesterday from 47,233.91 basis points it opened for trading this week.

Consequently, the Month-to-Date and Year-to-Date returns increased to 1.3per cent and 10.6per cent, respectively.

Performance across the stock market indices was broadly positive, as the NGX Banking gained 0.7per cent to close at 453.08basis points, NGX Consumer Goods rose by 0.4 per cent to close at 594.78 basis points, and NGX Insurance grew by 0.2 per cent to close at .188.22 basis points.

The NGX Industrial Goods and the NGX Oil & Gas indices closed flat at 2,131.48 basis points and 409.32 basis points.

In yesterday’s trade, the stock market breadth index was positive with 31 gainers against 17 losers.

RT Briscoe leads the gainers’ table yesterday, gaining 10 per cent to close at N0.66. It was followed by UCAP Plc that grew by 10 per cent also to N13.20, while Africa Prudential added 9.56 per cent to close at N7.45.

In addition to the top five gainers, Academy Press added 9.50 per cent to close at N1.96, while Champion gained 8.78per cent to close at N2.23.

Juli Plc depreciated by 9.76 per cent to close at N0.74, leading others as top losers on the stock market yesterday.

Other losers are Multiverse which dropped by eight per cent close at N0.23, while Mutual Benefit down by 7.14 per cent to close at N0.26.

Flourmill also dropped by 4.56 per cent to close at N33.50 as Honeywell flour decreased by 4.23 per cent to close at N3.85.

The total volume traded declined by 0.8per cent to 421.46 million units, valued at N4.22 billion, and exchanged in 5,961 deals. Transcorp was the most traded stock by volume at 99.26 million units, while Zenith Bank was the most traded stock by value at N1.25 billion.