Nigerian Equities Market Index Rises By 0.49%

By Toyin Ajadi, Lagos

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Trading on the Nigerian equities market closed in the positive territory on the first trading day of the week on Tuesday after a two-day holiday on Friday last week and Monday 24th to Mark the Muslim end of Ramadan.

The all-share index appreciated by 250.75 points or 0.49% to close at 51,606.49 points as against 51,355.74 points at the close of trading last Thursday.

Similarly, the market capitalisation rose by N136 billion to close at N28,099 trillion compared to N27,963 trillion at the end of trading last week.

The market sentiment also closed in the positive as trading ended with 33 gainers relative to 12 losers.

Japaul Gold and Ventures led the gainers with 10% share price increase to close at N0.33k , it was followed by Honeywell Flour Mill with 9.91% gain and a closing price of N2.55k then Berger paints gained 9.87% to close at N8.35k.

On the other hand, Wapic Insurance lost 7.32% to close at 0.38k. It was followed by Okomu Oil Palm with 6.54% loss with a closing price of 171.50k and after it came Nigerian Exchange Group which lost 4.89% to close at N25.30k.

Access Holdings recorded the highest volume of 217 million traded shares and was followed by Transcotp Nigeria with 111 million shares.

At the end of Tuesday’s trading, 541.9 million shares valued at N5.1 billion were traded in 6,404 deals.

 

Confidence Okwuchi

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