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Investors Gain N6 Billion at Close of Trading

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CEM REPORT, MARKET | The Nigerian Equities Market on Wednesday closed higher as investors gained N6 billion.

The All Share Index advanced marginally by 0.02% to settle at 54,507.66 points from the previous close of 54,496.31 points.

The bulls had better control of the day’s trading pushing the Market Capitalisation up by 0.02% to close at N29.689 trillion from the previous close of N29.683 trillion.

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An aggregate of 134 million units of shares was traded in 2,905 deals, valued at N4 billion.

The Market Breadth closed positive as 20 equities appreciated in their share prices against 16 equities that declined in their share prices

Percentage Gainers

TRIPPLEG led other gainers with 10.00% growth to close at N1.65 from the previous close of N1.50.

Linkage Assurance, Consolidated Hallmark Insurance and Ikeja Hotel among other gainers also grew their share prices by over 4.00%.

Percentage Losers

Japaulgold led the losers’ table as it lost 6.67% of its share price to close at N0.28 from the previous close of N0.30.

Sovereign Trust Insurance lost 6.67% of its share price

NASCON lost 3.57% of its share price.

CHAMS shed 3.45% of its share price

Volume Drivers

GTCO traded about 42 million units of its shares in 227 deals, valued at about N1 billion.

UBA traded about 13 million units of its shares in 87 deals, valued at N109.9 million.

FBNH traded about 6 million units of its shares in 64 deals, valued at about N74 million.

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