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Equities market gains N678bn on investors demand for Beta Glass, 42 others

temi popoola

The Nigerian equities market on Thursday closed trading session on a positive note as gains in Beta Glass Plc and 42 others pushed the overall capitalization up by N678 billion.

The Nigerian Exchange Limited All-Share Index (NGX ASI) gained 1,074.26 points, representing a gain of 0.92 per cent to close at 117,861.13 points. Also, market capitalisation rose by N678 billion to close at N74.359 trillion.

Market breadth was strong, with 43 gainers as against 20 losers. Ikeja Hotel emerged the highest price gainer of 10 per cent to close at N15.40, per share. Beta Glass followed with a gain of 9.98 per cent to close at N276.00, while Legend Internet up by 9.92 per cent to close at N7.20, per share.

University Press rose by 9.85 per cent to close at N6.02, while Eterna appreciated by 9.82 per cent to close at N42.50, per share. On the other side, Guinea Insurance led others on the losers’ chart with 9.21 per cent to close at 69 kobo, per share.  Haldane McCall followed with a decline of 5.88 per cent to close at N4.00, while C& I Leasing lost by 5.84 per cent to close at N4.35, per share

McNichols shed 5.58 per cent to close at N2.20, while Fidson Healthcare depreciated by 4.65 per cent to close at N41.00, per share.

Also, the total volume traded rose by 39.66 per cent to 893.965 million units, valued at N22.029 billion, and exchanged in 17,257 deals. Transactions in the shares of Champion Breweries led the activity with 332.299 million shares worth N2.269 billion. Guaranty Trust Holding Company (GTCO) followed with account of 62.661 million shares valued at N5.003 billion, while PZ Cussons Nigeria traded 46.585 million shares valued at N1.477 billion.

Zenith Bank traded 37.553 million shares worth N1.886 billion, while Access Holdings traded 35.985 million shares worth N787.108 million.

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