Gains in numerous blue-chip companies, particularly Johnholt and ABC Transport, supported the Nigerian Exchange Limited (NGX) in maintaining its bullish run at the close of yesterday’s transactions, causing market capitalization to rise by N34billion.
Yesterday, market capitalisation of listed equities increased by 0.17 per cent to N20.092 trillion from N20.058 trillion recorded on Wednesday. Also, the All Share Index also increased by 65.72 basis points to 38548.24 points from 38482.52 points reported the previous day.
Investors traded 249.686 million shares valued at N1.875 billion in 3524 deals against 156.905 million shares worth N1.329 billion that exchanged hands the previous day in 3273 deals.
CWG, on the other hand, led the losers’ list, falling 9.63 percent to settle at N1.69 kobo. Union Bank of Nigeria Plc lagged with a 6.72 percent drop to N5.55 kobo, while Sovereign Trust Insurance fell 6.67 percent to N0.28 kobo.
Courtivelle Business Solution fell 4.76 percent to N0.20 kobo. Japaul Gold dropped 3.39 percent to N0.57 kobo.
During the day, Sovereign Trust Insurance was the toast of investors, trading 35.505 million shares valued at N9.724 million, followed by Zenith Bank with an account of 27.505 million shares worth at N632.281 million.
FCMB Group sold 22.684 million shares for N72.230 million, Mansard sold 16.868 million shares for N15.180 million, and Fidelity Bank sold 14.540 million shares for N32.329 million.