Sunday, August 14, 2022

NGX: Bulls return as investors gain N81 billion

The gain made the market capitalisation to close at N27.358 trillion from N27.276 trillion recorded on Thursday.

• August 5, 2022
Trading floor

Trading activities at the Nigeria equity market closed on positive posture, as investors raked in N81.01 billion gain on Friday.

Similarly, the gain made the market capitalisation to close at N27.358 trillion from N27.276 trillion recorded on Thursday.

Also, the All-Share Index (ASI) of the Nigerian Exchange Ltd. rose by 190.03 points or 0.28 per cent to 50,722.33 points from N50,582.30 points it was at the previous trading.

Consequently, this indicated a year-to- date return of 18.74 per cent. 

The market breadth was positive as 23 stocks advanced and nine declined.

On the performance level, Eterna led the gainers with 10 per cent share price appreciation closing at N7.15 per share.

Multiverse Mining & Exploration followed by 9.94 per cent to close at N1.88 per share.

Japaul Gold and Ventures rose by 9.68 per cent to close at 34k per share, while PZ Cussons Nigeria grew by 9.63 per cent to close at N10.25 per share.

Also, Jaiz Bank increased by 8.86 per cent to close at 86k per share.

On the other hand, Unilever Nigeria led with depreciation by 10 per cent to close at N13.50 per share.

Skyway Aviation Handling Co. was the next, dropping by 8.76 per cent to close at N6.25 per share.

Guinness Nigeria fell by 8.29 per cent to close at NN83 per share, while Consolidated Hallmark Insurance went down by 7.69 per cent to close at 60k per share.

Regent Alliance Insurance depreciated by 7.41 per cent to close at 25k per share.

Honeywell Flour Mill was the most active stock, traded with the highest volume of 22.02 million units of shares worth N64.08 million.

It was followed by Guaranty Trust Holding which transacted  21.7 million units of shares valued at N445.68 million.

FBN Holdings sold 11.3 million units of shares at N123.78 and Zenith Bank transacted 10.17 million units of shares worth N223.06 million.

Transcorp traded 8.72 million units of shares valued at N9.87 million.

(NAN).

We have recently deactivated our website's comment provider in favour of other channels of distribution and commentary. We encourage you to join the conversation on our stories via our Facebook, Twitter and other social media pages.

More from Peoples Gazette

President Muhammadu Buhari, Goodluck Jonathan, Peter Obi, Umaru Yar'Adua and Olusegun Obasanjo

Economy

Buhari, Jonathan, Yar’Adua, Obasanjo wasted $500 million, impoverished Nigerians: Peter Obi

“If Nigeria had spent five per cent of the money borrowed so far on entrepreneurs and power generation, the country would compete with advanced countries,” reasoned Mr Obi.

Former Nigerian President, Goodluck Jonathan

Heading 1

Nigerian political leaders practise ‘bread and butter’ politics: Jonathan

“We must shift away from the politics of bread and butter and ensure that we do not elect leaders that will buy our conscience today and mortgage the future of our children.”

Vice President Yemi Osinbajo

Opinion

The secret diary of Vice President Yemi Osinbajo

If Buhari had supported me, I would have been the presidential candidate of the APC.

Bayelsa State governor, Douye Diri

Faith

Gov. Diri warns cultural terrorism threatening Ijaws’ language, identity

“We are suffering from what is called environmental terrorism, mainly caused by the oil companies. But there is another terrorism that is threatening us is cultural terrorism.”

NCDC DG, Ifedayo Adetifa and NCDC

Health

NCDC inaugurates biological lab to fight emerging diseases

“It will inform public health decision-making and facilitate the development of diagnostics, therapeutics, and vaccines,” said the NCDC director-general.

OPC and Fulani herdsmen

Heading 2

Cow caused OPC, Fulani herdsmen clash in Kwara, four dead: Police

A cow led by a Fulani herder broke the side mirror of OPC’s vehicle, and violence ensued, said the police.