Wednesday, December 1, 2021

NGX Group listing boosts market capitalisation by N192 billion

NGX Group listed a total of 1.96 billion shares at N16.15 per share by way of introduction on the NGX on Friday.

• October 16, 2021
NGX building used to illustrate the story

The nation’s bourse swelled by N192 billion following the listing of the Nigerian Exchange Group (NGX Group) on the stock market.

NGX Group listed a total of 1.96 billion shares at N16.15 per share by way of introduction on the NGX on Friday.

Consequently, the market capitalisation which opened at N21.432 trillion increased by N192 billion or 0.89 per cent to close at N21.624 trillion.

Also, the NGX All-Share Index appreciated by 308.17 points to close at 41,438.15 from 41,129.98 on Thursday.

A breakdown of the price movement chart showed that Presco led the gainers’ table, gaining N4 to close at N89 per share.

BUA Cement followed with N2 to close at N67.50, while Total added N1 to close at N193 per share.

FBNHoldings was up by 95k to close at N12.70 per share.

On the other hand, Lafarge Africa Wapco dominated the laggards’ chart, shedding N1.20 to close at N24.10 per share.

Africa Prudential trailed with 25k to close at N6.65, while UPL lost 10k to close at N1.50 per share.

Sterling Bank dipped 5k to close at N1.52, while Fidelity Bank was also down by 5k to close at N2.74 per share.

In all, investors traded 728.96 million shares valued at N8.53 billion in 4,852 deals.

This was against a total of 908.06 million shares worth N10.97 billion achieved in 5151 deals on Thursday.

FBNHoldings remained the most traded stock, exchanging 476.55 million shares valued at N592.86 million.

Universal Insurance followed with 39.69 million shares worth N8.33 million, while GTCO traded 33.17 million shares valued at N972.38 million.

Fidelity Bank sold 21.87 million shares worth N59.77 million, while Transcorp accounted for 20.79 million shares valued at N20.44 million.


More from Peoples Gazette

Women protesting


Police dock 12 Bayelsa women for blocking road construction with charms

The women were protesting the exclusion of their community from an ongoing construction.

MTNN, Flour Mill, Access Bank, Ecobank, and African Prudential


NGX opens December with N409 billion loss

The market negative performance was driven by price depreciation in large and medium capitalised stocks.

Nigerian soldiers and Boko Haram


Troops repel Boko Haram/ISWAP terrorists in Buni Yadi: Army

Army spokesman said the security operatives took out Boko Haram and Islamic State’s West Africa Province (ISWAP) terrorists in a fierce battle.

Ebonyi Commissioner of Police, Aliyu Garba


Ebonyi: Man arraigned over murder of two persons

The magistrate did not take the defendant’s plea due to lack of jurisdiction.

NSCDC psycho test in Sokoto


Civil defence officers undergo psycho test in Sokoto

The evaluation was to ascertain the mental state of the personnel.

Trevor Noah


Trevor Noah to host 2022 Grammy Awards

Trevor will be hosting the Grammy awards for the second time having hosted the 63rd Grammy awards 2021.