Investors Gain for 2nd Consecutive Day on Nigerian Bourse

NGX - Nigerian Exchange Loses ₦9Bln

The Nigerian capital market’s bullish run entered its second day on Tuesday, sending investors home with N181.7 billion.

This followed a 0.71 per cent increase in shareholder investment after eight hours of trading on Tuesday, from N25.26 trillion to N25.44 trillion.

The Nigerian Bourse All-Share Index closed at 47,205.03, up 337.08 basis points from 46,867.95 on Monday.

On Tuesday, shareholders increased their capital market investments by transacting 245.42 million shares worth N4.58 billion in 5,832 transactions.

This was higher than the previous day’s 224.64 million shares worth N3.82 billion, which were traded in 5,946 transactions.

With a gain of N1.80kobo per share, CAP headed the gainers’ table, rising from N18 to N19.80kobo per share.

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Neimeth’s stock rose N0.14kobo to N1.56kobo per share, up from N1.42kobo.

Berger’s stock increased by N0.60kobo to N6.80kobo per share, moving from N6.20kobo to N6.80kobo.

Meyer gained N0.12kobo, closing at N1.36kobo per share, up from N1.24kobo.

Learn Africa rounded out the top five after earning N0.18kobo to settle at N2.07 per share, up from N1.89kobo.

Academy Press lead the losers’ chart, dropping from N1.60kobo to N1.44kobo per share after losing N0.16kobo on the Nigerian Bourse.

Caverton’s stock declined N0.13kobo to N1.18kobo per share, down from N1.31kobo.

After losing N0.10kobo during trading, Royal Exchange’s stock decreased from N1.04 to N0.94kobo per share.

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Linkage Assurance fell 7.55 per cent to N0.49kobo per share, down from N0.53kobo.

Prestige rounded out the top five after dropping 6.98 per cent in value from N0.43kobo to N0.40kobo per share.

With 39.09 million shares valued at N908.92 million, GTCO led the day’s trade.

Zenith Bank was the next to sell, with 27.20 million shares worth N674.26 million.

Nigerian Breweries exchanged 15.50 million shares worth N622.91 million for a total of N622.91 million.

Fidelity Bank sold 10.99 million shares valued at N40.84 million, while Linkage sold 10.82 million for N5.41 million.


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