As Nigeria’s stock market continues its upward trend, investors make N140 billion. – TrendyNewsReporters

As Nigeria’s stock market continues its upward trend, investors make N140 billion.

by Ebor Cletus Ralph Jr

The Nigerian capital market maintained its bullish run on Monday following the 0.49 percent rise in equity capitalisation at the close of the day’s trading.

After eight hours of trading, the equity capitalization rose by N140 billion to close at N28.01 at trillion, up from N27.87 trillion posted last Friday.

In a similar vein, the All-Share Index increased by 257.42 basis points on Monday, rising from 51,705.61 to 51,962.85.

In 5,050 transactions today, investors transacted 266.51 million shares worth N2.60 billion.

This was more than the 156.08 million shares worth N1.38 billion that were traded in 4,312 transactions previous week.

With a gain of N0.95 billion, Ecobank increased its share price from N9.70 to N10.65 billion.

John Holt increased its share price from N0.63 to N0.69 by 9.52 percent.

Linkage Assurance’s share was up by 9.43 percent to end trading with N0.58kobo from N0.53kobo per share.

Okomu Oil gained N16.50kobo to close at N210 from N193.50kobo per share.

Cornerstone’s share appreciated by 6.45 percent to rise from N0.62kobo to N0.66kobo per share.

PZ topped the losers’ chart after shedding N1.25kobo to drop from N12.50kobo to N11.25kobo per share.

Eterna’s share dropped by N0.70kobo to end trading at N6.80kobo from N7.50kobo per share.

RT Briscoe lost 6.25 percent to end trading with N0.45kobo from N0.48kobo per share.

Ardova lost N0.70kobo to drop from N13.75kobo to N13.05 per share.

Nigerian Breweries’ share dropped from N60 to N57.95kobo per share after losing N2.05 during trading.

Livingtrust led the day’s trading with 64.65 million shares valued at N77.58 million.

Transcorp followed with 31.79 million shares valued at N39.66 million

Access Corporation traded 29.26 million shares worth N275.16 million.

Oando sold 27.72 million shares worth N162.41 million, while UBA traded 20.60 million valued at N152.72 million.


TV Presenter/ Content Writer

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