• Home
  • News
  • Energy
  • Politics
  • Infotech
  • Business
  • Entertainment
  • Finance
    • Money market
    • Business Direct
  • Sports
  • Poetry Column
    • Submission Guidelines
  • More
    • Crime
    • Education
Sign in
Welcome!Log into your account
Forgot your password?
Privacy Policy
Password recovery
Recover your password
Search
Thursday, February 2, 2023
Sign in
Welcome! Log into your account
Forgot your password? Get help
Privacy Policy
Password recovery
Recover your password
A password will be e-mailed to you.
Nigerian news direct Nigeriannewsdirectcom
Nigerian news direct Nigerian news direct
  • Home
  • News
  • Energy
  • Politics
  • Infotech
  • Business
  • Entertainment
  • Finance
    • Money market
    • Business Direct
  • Sports
  • Poetry Column
    • Submission Guidelines
  • More
    • Crime
    • Education
Home capital market Equity market: Capitalisation gains N53bn
  • capital market

Equity market: Capitalisation gains N53bn

By
NewsDirect
-
December 7, 2022
0
Facebook
Twitter
Pinterest
WhatsApp

    The equity market on Tuesday maintained a bullish trend, gaining N53 billion amid sustained buying interest in large and medium stocks.

    The market capitalisation which rose by N53 billion, or 0.20 per cent, closed at N26.344 trillion as against N26.291 trillion on Monday.

    Also, the All-Share Index was up by 96.46 points or 0.20 per cent to close at 48,366.69 compared to 48,270.23 on Monday.

    The market’s positive performance was largely driven by some stocks, which included United Bank for Africa (UBA), BUA Cement, Ecobank Transnational Incorporated and WAPCO Cement.

    Consequently, the year-to-date (YTD) return rose to 13.23 per cent.

    Market breadth closed positive as 15 stocks advanced, while 12 declined.

    Honeywell Flour Mills led the gainers’ chart in percentage terms by 8.06 per cent to close at N3.28 per share.

    Champion Breweries followed with 7.14 per cent to close at N3.75, while ETI rose 4.98 per cent to close at N10.55 per share.

    LASACO Assurance appreciated by 4.71 per cent to close at 89k, while RT Briscoe garnered four per cent to close at 26k per share.

    Conversely, UPDC dominated the losers’ chart in percentage terms with 7.07 per cent to close at 92k per share.

    Wema Bank followed with 6.12 per cent to close at N3.22, while FTN Cocoa Processors declined by 3.33 per cent to close at 29k per share.

    WAPIC Assurance lost by 2.63 per cent to close at 37k, while Oando depreciated by 2.44 per cent to close at N3.90 per share.

    Analysis of the market activities showed trade turnover settled lower relative to the previous session, with the value of transactions down by 13.37 per cent.

    A total of 182.80 million shares valued at N3.55 billion were exchanged in 3,189 deals.

    Also, the total volume traded rose by 24.8 per cent to 297.25 million units valued at N4.69 billion and exchanged in 4,661 deals.

    Transactions in the shares of FBN Holdings topped the activity chart with 66.11 million shares valued at N727.03 million.

    Transcorp followed with 36.6million shares worth N43.45 million, while Geregu Power traded 17.47 million shares valued at N1.75 billion.

    Access Corporation traded 7.35 million shares valued at N62.93 million, while R.T.Briscoe transacted 5.63 million shares worth N1.53 million.

    • TAGS
    • All Share Index
    • equity market
    Facebook
    Twitter
    Pinterest
    WhatsApp
      Previous articleNIMASA wins taxation institute award
      Next articleGeregu Power share price fall 9.8% on sell pressure
      NewsDirect

      RELATED ARTICLESMORE FROM AUTHOR

      MTN Nigeria communication posts 20.16% growth in PAT to N358.8bn

      NGX :Equities investors gains N142bn in market capitalization 

      Unity bank  records 16%  rise in gross income

      42,349FansLike
      2,853FollowersFollow

      Latest posts

      40- year- old housewife, son beat in-law to death over meat

      February 2, 2023

      Rainfall will sustain hydro-power generation — NiMet

      February 2, 2023

      Fuel will become available at affordable prices in two weeks — IPMAN

      February 2, 2023

      Motorists, traders protest hike in pump price, scarcity of new naira notes in Enugu

      February 2, 2023

      MTN Nigeria communication posts 20.16% growth in PAT to N358.8bn

      February 2, 2023
      Nigeriannewsdirect
      Nigerian NewsDirect is a daily newspaper on Nov 29, 2010 with news from oil, gas, power, aviation, maritime, banking, education, capital market, entertainment, tourism, taxation and politics among others. The online edition (https://nigeriannewsdirect.com) is being updated every 30 minutes as a leading newspaper in Nigeria in recognition of the importance of accurate information on investment and business decision making.
      Contact us: info@nigeriannewsdirect.com

      Like us on Facebook

      Follow us

      Tweets by NigNewsDirect
      • Home
      • About Us
      • Team
      • Privacy Policy
      • Contact us
      • Advert Rates
      • Privacy Policy
      © Nigerian News Direct | All rights reserved 2020