Nigerian inventory market opens October with N15bn acquire

Nigerian Stock Exchange SEC)

Trading within the home inventory market resumed on Monday bullish with a acquire of 0.05 per cent on traders’ curiosity in Eterna and 22 others.

Precisely, the benchmark index rose by 21.88 factors or 0.05 per cent to shut at 40,243.05 from 40,221.17 achieved on Thursday.

Accordingly, month-to-date and year-to-date returns stood at 0.1 per cent and 0.1 per cent, respectively.

READ ALSO: Capital positive aspects in shares hit 7-month excessive at N1.2trn

Similarly, the market capitalisation gained N15 billion to shut at N20.970 trillion from N20.955 trillion posted on Thursday.

The upturn was impacted by positive aspects recorded in medium and enormous capitalised shares, amongst that are; Eterna, United Capital, AXA Mansard Insurance, Pharm-Deko and FBN Holdings.

On market efficiency this week, United Capital Plc anticipated some revenue taking up the bourse amid final week’s rally.

The market breadth closed constructive with 23 gainers towards 14 losers.

AXA Mansard Insurance led the gainers’ chart in proportion phrases with 9.87 per cent to shut at N2.56 per share.

Pharm-Deko adopted with 9.79 per cent to shut at N2.58, whereas University Press appreciated by 9.76 per cent to shut at N1.35 per share.

Consolidated Hallmark Insurance went up by 8.77 per cent to shut at 62k, whereas Courteville Business Solutions appreciated by 8.57 per cent to shut at 38k per share.

On the opposite hand, Morison Industries led the losers’ chart in proportion phrases by 10 per cent to shut at N1.89 per share.

Northern Nigeria Flour Mills adopted with a decline of 9.94 per cent to shut at N7.70, whereas Veritas Kapital Assurance shed 8.70 per cent to shut at 21k per share.

Cornerstone Insurance misplaced 8.62 per cent to shut at 53k, whereas Jaiz Bank depreciated by 5 per cent to shut at 57k per share.

Transactions within the shares of Fidelity Bank topped the exercise chart with 18.59 million shares valued at N46.77 million.

Guaranty Trust Holding Company adopted with 18.27 million shares value N512.42 million, whereas FBNH traded 18.15 million shares valued at N147.87 million.

Universal Insurance traded 15.48 million shares value N3.23 million, whereas Champion Breweries transacted 14.19 million shares value N29.09 million.

However, the entire quantity of trades dipped by 80.7 per cent to 202.36 million shares valued at N1.86 billion traded in 4,066 offers.

This was in distinction with 1.05 billion 0shares value N7.42 billion exchanged in 3,752 offers recorded on Thursday. 

Vanguard News Nigeria

Leave a Reply

Your email address will not be published.

Nigerian inventory market opens October with N15bn acquire

Send this to a friend