NGX: Neimeth, Cadbury among top entities as investors gain N3.1tr


Investors in the Nigerian equities market gained N3.1 trillion by the close of trading on Friday.

This followed a surge in the share prices of stocks such as Neimeth, Cadbury and Living Trust, among others, on the trading floor.

The benchmark All-Share Index (ASI) increased to 244,670.65 points from the 239,734.61 points recorded on the previous day.

After five hours of trading on the capital market, equity capitalisation surged to N157 trillion from N153.8 trillion posted by the bourse on Thursday.

The market breadth was positive, with 38 stocks advancing, 34 declining, and 76 remaining unchanged in 69,996 deals.

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A total of 1,066,486,881 shares were traded, valued at 55 billion.

Neimeth, Cadbury and Living Trust led the gainers’ chart, with 10% growth, respectively, in share prices to close at N9.90, N72.60 and N3.52 per share, up from N9.00, N66.00 and N3.20 per share.

UACN, IMG, and Eterna led other price decliners, with declines of 10.00%, 10%, and 9.93%, respectively, to close at N171.00, N42.30, and N33.55 per share, down from N190.00, N47.00, and N37.25 per share, respectively.

On the volume index, VFD Groups led trading with 102 million shares in 330 deals, followed by FCMB which traded 99 million shares in 755 deals.

UBA traded 94 million shares in 3,365 deals.

On the value index, MTNN traded stocks valued at N6.8 billion in 5,928 deals, followed by Dangote Cement, which traded equities worth N5.9 billion in 2, 199 deals.

Zenith Bank traded shares valued at N5.7 billion in 5,041 deals.

 

Babajide Okeowo