Equities investors advance gains on market cap

Chiamaka Okechukwu 

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Investors witnessed the market capitalisation of listed equities trading the floor of the Nigerian Exchange Group Limited appreciate by N155 billion at the close of business on Monday amid renewed bargain hunting and profit-taking activities.

 

The Exchange recorded over N155 billion on market capitalisation to close at N38.712 trillion on Monday, higher than Friday’s N38.556 trillion.

 

Similarly, the All-Share Index inched up by 282.69 basis points representing a 0.40 percent increase to close at 70,479.62 points compared to the 70,196.94 points of the previous day.

 

The day’s trading session ended with a total of 391.01 million shares valued at N7.71 billion that exchanged hands in 6,837 deals which got the market closing with 27 gainers relative to 28 losers.

 

On price gain, THOMASWY led the gainers table with a 10% profit on its share price to close at N4.07k followed by CHAMS with 9.90% gain on its share price to close at N2.22k; then GLAXOSIMTH made an 9.68% profit on its share price with a closing price of N13.60k.

 

On the other hand, ABCTRANS led the losers table with a 9.30% loss on its share price to close at N0.78k followed by CORNERST with a closing price of N1.37k after recording a 9.27% drop on its share price while CHAMPION Breweries  recorded a 9.19% loss on its share price to close at N3.36k.

 

UBA had the highest trade volume of trades with 105.62 million shares followed by FBNH with 33.26 million and Fidelity Bank had 20.43 million shares.