Multiverse, Cadbury, FCMB, drive market capitalisation to N143bn
By Philemon Adedeji
Transaction on Nigerian exchange limited (NGX), closed marginally on positive note when Multiverse, Cadbury, Fcmb, drives market capitalisation to N143 billion. All shares index now moved higher to 266.01 representing 0.55 per cent to close trade at 48837.76 basis points it closed yesterday. As overall market capitalisation largely increased by N143 billion to close trade at N26.328 trillion.
The market sentiments as measured by breadth 34 stocks constituted the gainers while 17 stocks constituted the decliners Trade volume largely increased by 20.79 per cent from 246,703,657 million units to 759,648,190 million units it closed yesterday, and valued by N5.536 billion, exchange in 5,032 deals.
On the advancers table, Multiverse and Cadbury gained 10 per cent or 0.02 kobo and 0.85 kobo to close trade at N0.22 and N9.35 per share respectively Transexpr was recorded as the third best gainer rose by 0.08 kobo increased to close trade at N0.89 per share, While Cap grew 9.77 per cent to close at N21.90 per share and Seplat oil Plc, appreciated by 100 kobo or 9.09 per cent increased to close trade at N1200 per share.
On the declines table, Champion was recorded as the highest loser which dropped by 6.88 per cent to close trade at N2.30 per share, while, Ftncocoa,Linkage Assurance, COURTVILLE business solution dipped by 0.02 kobo or 5.13 per cent, 3.92 per cent and 3.77 per cent to close trade at N0. 37, N0.49 and 0.51 per share respectively and fidelity bank depreciated by 3.47 per cent to close trade at N3.62 per share.
Transaction in the share and of First city monument banks, led the table chart which traded 503.983 million share valued by 1.764 billion followed by Transcorp Plc, which transacted 36.176 million shares worth 41.851 million. Honey flour traded 25.066 million shares worth 92.815 million.
As First bank holding of Nigeria traded 16.958 million shares valued at 201.813 million and Aiico insurance Plc transacted 16.604 million shares valued at 12.522 million. First city monument bank led the activity chart in terms of volume and value
