Connect with us

Economy

Buying interests on Seplat, others cause N57bn gain on NGX

Published

on

 The equities market kicked off the trading week with positive sentiments following investors buying interests making investors to gain N57 billion on Monday Also the market capitalisation stood at N28 214 trillion compared to N28 157 trillion posted at the last trading session The uptrend was impacted by gains recorded in large capitalised stocks amongst which are Seplat Guaranty Trust Holding Company GTCO UCAP among others Similarly the All Share Index rose by 0 2 per cent to 52 319 94 points from 52 215 12 points recorded on Friday Consequently the year to date gain of the NGX AS rose to 22 48 per cent Performance across sectors was mixed as the Consumer Goods index dropped by 0 6 per cent and Insurance index fell by 0 5 per cent The Oil and Gas index increased by four per cent while the Banking and Industrial Goods indices closed flat The market breadth was negative as 14 stocks advanced and 22 stocks declined Seplat dominated the gainers table in percentage terms gaining of 10 per cent to close at N1 430 per share Conerstone Insurance followed with 8 77 per cent to close at 62k while RTBriscoe rose by 8 11 per cent to close at 42k per share Wema Bank garnered 6 95 per cent to close at N4 while Fidson Pharmaceuticals appreciated by 5 21per cent to close at N9 90 per share On the other hand CWG led the losers chart in percentage terms dropping 10 per cent to close at 81k per share Academy Press followed with a decline of 9 50 per cent to close at N2 while Honey Flour lost 9 09 per cent to close at N2 50 per share NAHCO lost 8 81 per cent to close at N6 per share while Regent Alliance Insurance dropped by 7 41 per cent to close at 25k Conversely the total volume traded declined by 38 8 per cent to 116 28 million units valued at M3 46 billion and exchanged in 4 525 deals This is against 190 10 million shares valued at N4 13 billion which were exchanged in 3 893 deals on Friday Transactions in the shares of United Bank for Africa UBA topped the activity chart with 12 93 million shares worth N96 88 million Zenith Bank followed with 10 68 million shares valued at N235 68 million while First Bank of Nigeria Holdings FBNH traded 8 71 million shares worth N88 72 million Accesscorp sold 6 71 million shares valued at N62 72 million while GTCO transacted 5 89 million shares worth N125 39 million NewsSourceCredit NAN
Buying interests on Seplat, others cause N57bn gain on NGX

The equities market kicked off the trading week with positive sentiments, following investors’ buying interests, making investors to gain N57 billion on Monday.

blogger outreach examples naijanewsnow


Also, the market capitalisation stood at N28.214 trillion compared to N28.157 trillion posted at the last trading session.

naijanewsnow

naijanewsnow

Guaranty Trust Holding Company

The uptrend was impacted by gains recorded in large capitalised stocks, amongst which are; Seplat, Guaranty Trust Holding Company (GTCO), UCAP, among others.

All-Share Index

Similarly, the All-Share Index rose by 0.2 per cent to 52,319.94 points from -52,215.12 points recorded on Friday.

Consequently, the year-to-date gain of the NGX AS rose to 22.48 per cent.

Consumer Goods

Performance across sectors was mixed, as the Consumer Goods index dropped by 0.6 per cent and Insurance index fell by 0.5 per cent.

Oil and Gas

The Oil and Gas index increased by four per cent, while the Banking and Industrial Goods indices closed flat.

The market breadth was negative as 14 stocks advanced and 22 stocks declined.

Seplat dominated the gainers’ table in percentage terms, gaining of 10 per cent, to close at N1.430 per share.

Conerstone Insurance

Conerstone Insurance followed with 8.77 per cent to close at 62k, while RTBriscoe rose by 8.11 per cent to close at 42k per share.

Wema Bank

Wema Bank garnered 6.95 per cent to close at N4, while Fidson Pharmaceuticals appreciated by 5.21per cent to close at N9.90 per share.

On the other hand, CWG  led the losers’ chart in percentage terms, dropping 10 per cent to close at 81k per share.

Academy Press

Academy Press followed with a decline of 9.50 per cent to close at N2, while Honey Flour lost 9.09 per cent to close at N2.50 per share.

Regent Alliance Insurance

NAHCO lost 8.81 per cent to close at N6 per share, while Regent Alliance Insurance dropped by 7.41 per cent to close at 25k.

Conversely, the total volume traded declined by 38.8 per cent to 116.28 million units, valued at M3.46 billion, and exchanged in 4,525 deals.


This is against 190.10 million shares valued at N4.13 billion which were exchanged in 3,893 deals on Friday.

United Bank for Africa

Transactions in the shares of  United Bank for Africa (UBA) topped the activity chart with 12.93 million shares worth N96.88 million.

Zenith Bank

Zenith Bank followed with 10.68 million shares valued at N235.68 million, while First Bank of Nigeria Holdings (FBNH)  traded 8.71 million shares worth N88.72 million.


Accesscorp sold 6.71 million shares valued at N62.72 million, while GTCO transacted 5.89 million shares worth N125.39 million.

NewsSourceCredit: NAN

https://nnn.ng/naira-black-market-exchange-rate-today/

hausa language shortner link Flickr downloader