MTN, Meyer, Fidelity Bank lift equities market to 0.07%
By Philemon Adedeji
Trading activities commenced on equities market segment of the Nigerian Exchange Limited (NGX), on Tuesday increasing by 0.8 per cent as a result of investors buying interest in MTNN, MEYER, FIDELITY BANK.
Precisely, the All Shares Index on Tuesday increased further by 35.48 basis points or 0.8 per cent to 47,545.86 basis points from 47,510.38 basis points recorded on Thursday.
Meanwhile, Overall market capitalisation value gained N19 billion to close trade at N25.632 trillions.
The upturn was impacted by gains recorded in medium and large capitalised stocks amongst are, Meyer, Guinness PLC, Unilever plc, Nigerian police Force Microfinance bank and 16 others.
As measured by market breadth, market sentiments was positive as Meyer led 21 gainers, while Academy led 31 losers. The total trade volume declined by 5.1 per cent from 385,182,496 million units it closed trade on Thursday to 365,453,508 million units it closed trade on Tuesday, valued by N7.106 billion which exchange by 5790 deals.
Meyer recorded as the highest price gainer which rose by 0.16 kobo or 10.00 per cent increased to close trade at N1.76 per share, followed by Guiness plc which gained 6.86 per cent or 4.80 kobo increased to close trade at N74.80 per share. While Nigeria Police Force Microfinance Bank appreciated by 0.14 kobo representing, 6.80 per cent increased to close trade at N2.20 per share.
Cadbury which recorded as the fourth most gainer grew by 5 per cent or 0.40 kobo increased to close trade at N8.40 per share and Unilever Plc went up by 0.55 kobo or 4.51 per cent to close trade at N12.75 per share.
On the other hand, Academy dropped by 9.72 per cent or 0.14 kobo to close trade at N1.30 per share, Johnholt declined by 0.08 kobo to represent 9.30 per cent to close trade at N0.78 per share.
Japaulgold went down by 0.03 kobo to close trade at N0.30 per share.
Neimeith pharmaceutical industry depreciated by 8.23 per cent or 0.13 kobo to close trade at N1.45 per share and lastly, Pharmadeko which recorded as the last fifth loser declined by 0.13 kobo or 7.51 per cent to close trade at N1.60 per share.
Transaction in the share of Fidelity Bank topped the activity chart which traded 33.757 million shares valued at 132.130 million. Followed by Accesscorp which traded 23.960 million shares worth 247.074 Million.
MTNN transacted 22.152 million shares valued at 4.718 billion, While Omatek traded 17.899 million shares worth 35.789 million and lastly, RTBRISCOE transacted 15.074 million shares worth 8.891 million.
