Thursday, December 8, 2022

NGX: Investors earn N94 billion Monday

Transactions on the Nigerian Exchange (NGX) closed Monday upbeat, with investors earning N94 billion.

• June 1, 2021

Transactions on the Nigerian Exchange (NGX) closed Monday upbeat, with investors earning N94 billion.

Specifically, the market capitalisation returned to the N20 trillion mark, increasing by N94 billion to close at N20.034 trillion from N19.940 trillion on Friday.

Also, the All-Share Index rose by 180.89 or 0.47 per cent to close at 38,437.88 against 38,256.99 achieved on Friday.

Accordingly, the month-to-date and year-to-date losses moderated to 3.5 per cent and 4.6 per cent, respectively.

The gain was driven by price appreciation in large and medium capitalised stocks, including BUA Cement, MTN Nigeria Communications, MRS Oil, Vitafoam, and Julius Berger.

However, the market recorded 23 laggards in contrast with 18 gainers.

MRS Oil dominated the gainers’ chart in percentage terms with 9.57 per cent to close at N12.60 per share.

Vitafoam followed with 8.91 per cent to close at N11, while Chams rose by five per cent to close at 21k per share.

PZ Cussons grew by 3.77 per cent to close at N5.50, while AIICO Insurance gained 3.45 per cent to close at N1.20 per share.

On the other hand, Royal Exchange led the losers’ chart in percentage terms by 9.88 per cent to close at 73k per share.

Consolidated Hallmark Insurance followed with a loss of 9.59 per cent to close at 66k, while Neimeth International lost 8.51 per cent to close at N1.72 per share.

Mutual Benefits Assurance dipped 8.33 per cent to close at 44k, while Regency Alliance Insurance shed 8.16 per cent to close at 45k per share.

However, the total volume of shares traded decreased by 11.73 per cent to 201.86 million shares valued at N2.12 billion exchanged in 3,827 deals.

This was against 228.67 million shares worth N3.67 billion transacted in 3,318 deals on Friday.

Transactions in the shares of Veritas Kapital Assurance topped the activity chart with 29.78 million shares valued at N5.96 million.

Fidelity Bank followed with 24.47 million shares worth N54.17 million, while Zenith Bank traded 20.93 million shares valued at N481.18 million.

Access Bank sold 15.40 million shares worth N126.37 million, while FBN Holdings transacted 10.13 million shares valued at N72.34 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

Team Edo

Sport

Team Edo win gold medals in wrestling, cricket, pole vault 

Team Edo on Wednesday hauled more gold medals from wrestling, cricket and pole vault events at the 21st National Sports Festival (NSF) in Asaba.

Equity market

Economy

Equity market stays bullish, up by 0.12%

The nation’s equity market on Wednesday remained on a bullish note with bargain buying on Nestle and other 10 stocks.

Governor Aminu Tambuwal and Chief of Army Staff (COAS), Lt.-Gen. Faruk Yahaya

States

Tambuwal praises Nigerian Army over civil-military projects

Governor Aminu Tambuwal joined residents of Sifawa and other communities in the Bodinga local government area in commending civil-military projects executed by the Nigerian Army.

New York Times

Rights

New York Times editors, reporters go on strike

The newsroom at The Times employs more than 1,800 people. Compensation is the negotiation’s most contentious topic.

Yobe State House of Assembly

States

Yobe parliament suspends revenue board chairman nominee’s screening

The Yobe House of Assembly has suspended the screening of Sani Kaitafi as Chairman of the state Internal Revenue Board.

Sadiya Umar Farouq and N-Power

Anti-Corruption

N-Power: Sadiya Farouq promises to support ICPC’s fraud investigation

Humanitarian minister Sadiya Umar Farouq has pledged to support the ICPC in its investigation of alleged fraud in the N-Power Programme.