Friday, March 29, 2024

NSE: The market bounced back on Monday, as investors gained N61.8 billion naira.

 

Transactions opened on the floor of the Nigerian Stock Exchange on Monday on a positive note, with investors gaining sixty –one point eight billion naira.

The equity capitalization rose from twenty-one point one -five trillion naira, to twenty –one point two-two trillion, a sixty –one point eight-billion-naira gain

The All Share Index consequently closed blue, spotting at forty thousand, five hundred and seventy-three point three-one points from forty thousand four hundred and thirty point eight-five points at the close of trading on Friday.

The number of traded stocks however, fell to two hundred and six point two-four million from three hundred and ninety –five point six million, a forty-seven point eight six percent fall.

The value similarly plunged to two point one-six billion naira from five point one billion traded on Friday.  This was a fifty-eight point three one percent reduction.

The transactions on the floor closed bullish, recording thirty-one gainers against only thirteen losers.

The gain on the floor was anchored by a ten percent rise in the price of SEPLAT PETROLEUM DEVELOPMENT COMPANY PLC and high volume of shares traded by ZENITH BANK, GUARANTY TRUST BANK UBA, ACCESS and FIDELITY BANK

SEPLAT PETROLEUM DEVELOPMENT COMPANY PLC was the highest gainer while CONOIL and ROYAL EXCHANGE PLC led the losers league.

Other gainers were JAPAUL GOLD PLC, MUTUAL BENEFIT INSURANCE, and AIICO INSURANCE PLC with 9.86%, 9.52, 9.26% gain their share prices respectively.

The shares of ZENNITH BANK and GUARANTY TRUST BANK were the most traded. Zenith transacted twenty-one point five million shares valued at five hundred and thirty-nine point six million naira, while guaranty trust bank traded twelve point four million shares, valued at three hundred and eighty-two point six million naira.

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TODAY’S TOP GAINERS

Name Of Company Opening Price Closing Price Price Change % Change Deals Volume Value
SEPLAT 495 544.5 49.5 10% 40 349,768 190,189,314.50
JAPAULGOLD 0.71 0.78 0.07 9.86% 40 3,547,124 2,743,559.26
MBENEFIT 0.42 0.46 0.04 9.52% 46 15,002,680 6,813,986.97
AIICO 1.08 1.18 0.1 9.26% 59 2,582,158 2,941,211.85
MULTIVERSE 0.22 0.24 0.02 9.09% 9 1,091,300 261,912.00

 

TODAY’S TOP LOSERS

Name Of Company Opening Price Closing Price Price Change % Change Deals Volume Value
CONOIL 21 18.9 -2.1 10% 32 245,026 4,635,239.00
ROYALEX 0.3 0.27 -0.03 10% 6 375,713 107,218.27
RTBRISCOE 0.22 0.2 -0.02 9.09% 8 2,207,303 441,520.60
CHIPLC 0.46 0.42 -0.04 8.70% 10 1,140,249 480,672.81
SOVRENINS 0.26 0.24 -0.02 7.69% 19 2,813,350 682,364.50

 

 

 

 

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