Investors gain N436bn on Nigerian bourse Thursday in a sustained impressive run

 

The Nigerian Stock Exchange continued its impressive run on Thursday as investors on the bourse recorded a price appreciation of N436 billion.

Gains in Honeywell FlourMills Plc and Cement Company of Northern Nigeria, CCNN, and 54 other companies that recorded varying degree of price increase on the day buoyed the equities transactions on the day.

NSE: Oil & Gas, banking stocks dominate top gainers as Honeywell Flour Mills Plc which led the pack, rose by 9.97 percent to close at N3.20 from its opening value of N2.91.

CCNN trailed closely behind with 9.96 percent increase to close at N12.03 from N10.94, followed by Champion Breweries Plc which appreciated by 9.92 percent to close at N2.77 from N2.52 per share.

NPF Micro-finance Bank and Fidelity Bank Plc ranked fourth and fifth on the list of top gainers, rising by 9.66 percent and 9.59 percent to close at N1.59 and N3.20 per share respectively.

On the other hand, 10 companies emerged losers during the day led by UPL Plc with 4.71 percent decline to close at N2.63 from N2.76 per share, followed by Meyer Plc, which declined by 4.48 percent to close at N0.64 from N0.67.

Learn Africa Plc ranked third with 4.04 percent decline to close at N0.95 from N0.99, while NEM Insurance Plc and Berger Paints Plc closed the list of top five losers chart with 3.13 percent and 2.67 percent price decline to close at N1.55 and N9.10 per share respectively.

 

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