Gains in Geregu and 31 Other Stocks Boost Index by N101 Billion

Geregu Stocks Index

Geregu and 31 other stocks saw a surge in investor interest yesterday, and as a result, the bulls returned to the Nigerian Exchange Limited’s (NGX) equity market, driving an N101 billion increase in market capitalization.

The market capitalization of listed stocks increased by 0.18 percent to settle at N55.836 trillion yesterday from N55.735 trillion traded on Friday.

Consequently, the year-to-date return increased to 36.47 percent, with NGX printing 32 winners and 23 losers. Compared to the 321.887 million shares that cost N7.354 billion that were traded the day before in 8925, investors traded 242.432 million shares valued at N5.126 billion, resulting in a 24.68 percent decrease in trading volume.

AccessCorp’s 24.898 million shares, valued at N575.101 million, dominated market activity. Veritas Kapital came in second with 24.182 million shares, priced at N17.453 million, while GTCO Plc exchanged 21.172 million shares, valued at N841.254 million.

Transnational Corporation of Nigeria exchanged 17.082 million shares valued at N229.224 million, while FBNHoldings traded 17.238 million shares for N439.389 million.

NCR, Chams Plc, and Royal Express headed the gainers’ table with 10% apiece to close at N4.40 kobo, N2.75 kobo, and 77 kobo, respectively, according to a further analysis of yesterday’s trades. 

After that, SUNU Assurance closed at N1.96 percent with a gain of 9.5 percent. TIP closed at N2.32 kobo after adding 9.43%. Conversely, Infinity Savings had the most loss, falling 9.9% to end at N7.19 kobo, while JohnHolt followed after with a 9.89% decline to end at N2.19 kobo.

PZ Cusson closed at N27.85 kobo, down 9.87% from its opening price. May and Baker saw a 9.8% decrease to end at N6.36 kobo, while Deap Capital saw a 7.14% loss to end at 65 kobo.

The banking (-0.9%) and industrial goods (-0.1%) indices reported losses, while the insurance (+2.3%), consumer goods (+0.6%), and oil and gas (+0.2%) indices showed gains based on the sectoral index analysis.


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