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Friday, June 21, 2024

Nigeria’s domestic equity market gains N20bn

Nigeria’s domestic equity market gains N20bn

Nigeria’s domestic equity market closed positive on Thursday, growing by N20 billion.

Market capitalisation of listed equities increased by 0.06 per cent to N32.322 trillion from N32.302 trillion reported the previous day.

The NGX All Share Index also appreciated by 37.60 basis points to 59361.55 points from 59323.95 points reported on Wednesday.

A review of the market activities showed that NEM Insurance led gainers table in percentage terms, gaining 10 per cent to close at N6.93 per share, Cornerstone followed with a gain of N1.11 per unit, Sky Ways rose by 9.74 per cent to close at N8.45 per unit, Wapic Insurance gained 9.30 per cent to close at N0.94 per share, Africa Prudential added 9.09 per cent to close at N6.60 per share.

On the contrary, Lasaco Insurance topped losers chart in percentage terms, declining by 10 per cent to close at N2.34 per unit, Sovereign Trust Insurance trailed with a loss of 9.63 per cent to close at N0.55 per share, Unity Bank fell by 9.63 per cent to close at N1.22 per unit, NSLTech down by 9.52 per cent to close at N0.38 per unit, Ikeja Hotel dropped by 9.06 per cent to close at N2.91 per share.

Volume of trades declined by 27.119 million shares representing 4.21 per cent as investors traded 615.912 million shares valued at N6.619 billion in 7459 deals against 643.031 million shares worth N6.107 billion in 7806 deals.

Transactions in the shares of Wapic Insurance led activity in the market with 97.145 million shares valued at N91.250 million, United Bank for Africa followed with account of 48.106 million shares valued at N546.632 million, Universal Insurance traded 43.410 million shares cost N9.627 million, GTCO Plc traded 34.603 million shares valued at N1.098 billion AccessCorp exchanged 32.871 million shares cost N487.211 million.

 

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