Investors on NGX gain N532.1bn as bullish trend continues

Investors on the Nigerian bourse gained N532.1 billion on Thursday as the bullish run continued even as market capitalization nudged up by 2.02 per cent in the day trading.

In what was a complete recovery from two consecutive losses recorded earlier in the week, the stock market’s equity capitalization rose by N532.15 billion

From the opening value of N26.25 trillion the market closed the day at N26.78 trillion having added N532.1 billion.

The All-Share Index was up by 986.63 basis points to close at 48,675.24 as against the 49,661.87 achieved on Wednesday.

A total of 226.47 million shares valued at N2.76 billion in exchanged hands on the day in 3,515 deals on the day. The volume of trading surpassed the 167.56 million shares worth N3.37 billion which exchanged hands in 3,751 deals on Wednesday.

CWG led the gainers’ list with a 10 percent rise in share price to move from N0.90kobo to N0.99kobo per share. Learn Africa gained N0.22kobo to move from N2.25kobo to N2.47kobo per share.

Caverton’s share value was up by N0.10kobo to end trading with N1.15kobo from N1.05 per share. Multiverse gained N0.20kobo to close at N2.30kobo above its opening price of N2.10kobo per share.

Chams’ shares traded upward by 8 percent and rose from N0.25kobo to N0.27kobo per share.

Mutual Benefit topped the losers’ chart for the day after shedding 9.68 per cent to drop from N0.31kobo from which it began the day trading to N0.28kobo per share.

Honeywell’s Flour share price dropped by N0.25kobo to end trading at N2.72kobo from N2.97kobo per share. Flour Mills also lost N2.05 to end trading with N27 from N29.05kobo per share.

Unity Bank lost 4.76 per cent to drop from N0.42kobo to N0.40kobo per share, even as FCMB’s share price dropped from N3.13kobo to N3.02 per share after losing N0.11kobo during trading.

Mutual Benefit led the day’s trading by volume with 74.54 million shares valued at N22.83 million.

FBN Holdings sold 23.42 million shares worth N251.88 million. Access Corp followed with 15.84 million shares valued at N130.19 million

UBA traded 15.25 million shares worth N107.07 million, while NEM traded 13.48 million valued at N62.12 million.