Stock market sustains uptrend with N133bn market capitalisation

Cynthia Ezekwe

Trading activities on the floor of the  Nigerian Exchange (NGX) closed bullish on Thursday, with  a gain of N133 billion in market capitalisation.

The market capitalisation was up 0.50 per cent to close at N26.816 trillion from the previous close of N26.682 trillion, while All Share Index grew by grew by 0.50 per cent  to close at 49,233.02 points from the previous close of 48,988.04 points.

Meanwhile, an  aggregate of 222.8 million units of shares were traded in 2,758 deals, valued at N2 billion.

The market breadth also closed in positive terrain as CAP led 20 gainers  against eight equities that recorded losses in their share prices, led by MCNICHOLS.

CAP Plc topped the gainers chart  with 9.88 per cent  growth to close at N17.80 from the previous close of 16.20. ARDOVA, Cornerstone and THOMAS WYATT among other gainers also grew their share prices by 9.51 per cent , 8.33 per cent  and 8.33 per cent  respectively.

On the contrary, MCNICHOLS recorded the biggest loss  as it shed 10.00 per cent  of its share price to close at N0.54 from the previous close of N0.60.

GEREGU and GTCO among other  losers also  depreciated by 8.11 per cent  and 4.35 per cent respectively.

For the top three performers by volume,Sterling Bank traded about 153.3 million units of its shares in 33 deals valued at N205 million, GTCO traded about 10 million units of its shares in 291 deals, valued at N216.9 million, while Zenith Bank  traded about 8.7 million units of its shares in 216 deals, valued at N200 million.

As of the close of the day’s trading, the stock market value stood at N26.8 trillion.