NGX reports gain of market capitalisation to 88bn
By Philemon Adedeji
Transactions on the Nigerian Exchange Limited (NGX) has closed on positive note for three days consecutively at the opening of this week, Meanwhile All Shares Index shows appreciation of 162.28 basis points.
Specifically, the overall market Capitalisation value gains 88 billion to close trade at 25.536 trillion.
The NGX ASI increase by 162.28 basis points representing 0.34 per cent increase to close trade at 47,367.31 index points it closed yesterday from 47,205.03 index points it closed for the previous trading day.
The market price was driven by price appreciation in large and medium capitalised stocks amongst are ZENITH, GTCO, MEYER , CAVERTON and others.
From the data released by NGX , total volume and value of trade increased largely by 60 per cent from 245,422,059 million units it closed trade on Tuesday to 391,889,051 million units it closed trade on Wednesday and value by N9.951 billions exchange in 5,419 deals.
Meyer appreciated by 0.13 kobo increase to close trade at N1.49 per share, Ikeja Hotel grew by 9.24 per cent or 0.11 kobo increased to close trade at N1.30 per share.
CAVERTON recorded as the third most gainer rose by 0.08 kobo to close trade at N1.26 per share, UBN up by 0.40 kobo increased to close trade at N6.50 per share and Ftncocoa gained 0.02 kobo or 6.45 per cent increased to close trade at N0.33 per share.
On the losers table, SUNU Assurance emerged yesterday as the highest loser which declined by 0.03 kobo or 7.69 per cent to close trade at N0.36 per share, Sterling bank depreciated by 0.09 kobo to close trade at N1.41 per share.
Unilever plc drops by 4.51 per cent or 0.02 kobo to close trade at N12.70 per share, WAPIC Insurance down by 0.02 kobo or 4.44 per cent to close trade at N0.43 per share and United Capital which recorded as the last fifth loser depreciated by 0.55 kobo or 3.97 per cent to close trade at N13.30 per share.
At the opening this week, Guaranty Trust Holding Company has topped the volume and value table for three days consecutively which traded yesterday 65.886 million shares worth 1.617 billion, Followed by Zenith bank which transacted 43.914 million shares valued at 1.101 billion, while United bank of Africa traded 28.917 million shares worth 235.707 millions.
Fidelity bank transacted 28.500 million shares valued at 106.478 million and lastly, on the chart MTN traded 22.751 million shares worth 4.827 billion.
