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Investors gain N198bn as 11 stocks appreciate


Investors in the nation’s equities market on Thursday recorded N198bn increase in their holdings at the close of trading on the floor of the Nigerian Stock Exchange.

A total of 11 gainers emerged, while 25 stocks declined.

A total of 220.710 million shares worth N2.531bn exchanged hands in 3,287 deals.

The top five performers were Wapic Insurance Plc, Veritas Kapital Assurance Plc, Dangote Cement Plc, Dangote Flour Plc, and Oando Plc, which recorded respective gains of 8.82 per cent, 7.69 per cent, 6.98 per cent, 6.49 per cent and 5.26 per cent, respectively.

The worst performers were Livestock Feeds Plc, Red Star Express Plc and Jaiz Bank Plc, which dropped by 9.84 per cent, 9.65 per cent and 9.43 per cent, respectively.

At the close of trading, the NSE All-Share index expanded by 1.57 per cent to settle at 35,206.16 basis points, leading investors to gain N198bn as the market capitalisation rose to N12.852tn.

Activity level also waxed stronger as volume and value traded improved to settle at 220.7 million units and N2.5bn, respectively.

The industrial goods index increased by 33.63 basis points to 1,728.85bps from 1,695.32bps, while the banking index dropped to 423.78bps from 426.53bps.

Investors gain N198bn as 11 stocks appreciate Investors gain N198bn as 11 stocks appreciate Reviewed by mujeeb Olagunju on August 24, 2018 Rating: 5

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