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NGX extends growth by 0.08%



NGX extends growth by 0.08%

By Chinyere Joel-Nwokeoma

Key performance indicators of the nation’s bourse closed on Friday with a marginal growth of 0.08 per cent.

Specifically, the All-Share Index rose by 32.28 points or 0.08 per cent to close at 39,522.34 compared with 39,490.06 achieved on Thursday.


Also, the market capitalisation of listed equities increased by N17 billion or 0.08 per cent to close at N20.591 trillion from N20.574 trillion reported on Thursday.

A breakdown of the price movement chart shows that FTNCocoa led the gainers’ table in percentage terms, gaining 10 per cent to close at 44k per share.

Honey Well Flour followed with 9.63 per cent to close at N2.05, while Prestige Insurance increased by 9.09 per cent to close at 48k per share.


UPDC added 8.85 per cent to close at N1.23, while Japaul Gold increased by 8.51 per cent to close at 51k per share.

On the other hand, Cutix dominated the laggards’ chart in percentage terms with 9.91 per cent to close at N5 per share.

Juli trailed with 9.90 per cent to close at 91k, while Sovereign Trust Insurance shed 7.14 per cent to close at 26k per share.


Veritas Capital was down by 4.35 per cent to close at 22k, while Courteville Business Solution dipped 4 per cent to close at close at 24k per share.

However, the volume of shares traded closed lower as investors bought and sold 188.84 million shares valued at N3.22 billion in 3,267 deals.

This was against a total of 570.20 million shares worth N2.28 billion exchanged in 3,764 deals on Thursday.


Flour Mills Nigeria was the most active stock, exchanging 52.47 million shares valued at N1.59 billion.

Honey Well Flour followed with an account of 15.49 million shares worth N31.64 million, while Sterling Bank sold 13.68 million shares valued at N21.17 million.

Wema Bank traded 13.35 million shares worth N10.52 million, while FBN Holdings traded 10.88 million shares valued at N78.89 million. (NAN)


Source: NAN

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