Investors gain N130.7bn as NGX up by 0.55% Friday

Investors on the Nigerian Exchange recorded a gain of N130.7 billion even as the market nudged up by 0.55 per cent at the end of Friday transactions.

The market All-Share Index added 230.45 basis points to close at 43,854.42 compared to 43,607.94 recorded on Thursday.

Total traded volume stood at 395.15 million shares valued at N12.39 billion in 4,032 deals as against 174.61 million shares worth N2.13 billion that exchanged hands in 3,715 deals on Thursday.

Cornerstone led the gainers’ chart after its share price rose by 10 per cent to move from N0.50kobo per share to N0.55kobo per share at the end of trading. It was followed by Meyer’s share which appreciated by 10 per cent to end trading with N0.55kobo from N0.50kobo per share with which it began the day trading.

Ardova’s share price was up by N1.25kobo to move from N12.60kobo to N13.85kobo per share even as BUA Foods gained N4.80kobo to move from N48.40kobo to N53.20kobo per share. PZ’s share price was up by N0.60 kobo to end trading at N6.70 kobo from N6.10 kobo per share.

The losers’ chart was led by Consolidated Hallmark Insurance as its its share price dropped from N0.73 kobo to N0.66 kobo per share after shedding 9.59 per cent. It was followed by Sovereign Insurance share which depreciated from N0.28kobo to N0.26kobo per share after losing 7.14 per cent from its value.

UPDC’s share price went down by 3.28 per cent to end trading at N1.18 kobo from N1.22 kobo per share and Julius Berger lost N0.55 kobo to end trading at N21.80 kobo from N22.35kobo per share. Regal Insurance completed the list decliners as it shed 2.08 per cent of its value and closd at N0.47kobo per share from N0.48 kobo which it opened with.

BUA Foods recorded the largest volume of transacted shares for the day with 204.59 million shares worth N10.06 billion. GTCO followed with 25.67 million shares valued at N663.37 million. Chams recorded 22.82 million shares valued at N4.57 million.

Wema Bank sold 16.04 million shares worth N12.99 million while Transcorp traded 13.75 million valued at N13.45 million.