HomeBUSINESSNSE: Investors gained N109.2 Billion, as market sentiments fluctuate

NSE: Investors gained N109.2 Billion, as market sentiments fluctuate

After investors lost Seven Point Five-Eight Billion naira on Wednesday, the market closed in the positive as with investors gaining One Hundred and nine point two billion naira on Thursday.

Market indicators, the market capitalization, The All Share index, the volume, and the value closed blue with the total deals closing in the negative.

The market capitalization rose to Twenty Point Three –Six Trillion from Twenty Point Two –Five –One Trillion traded on Wednesday, a One Hundred and Nine Point Two Billion Naira Gain.

The All Share Index points consequent closed at Thirty- Eight Thousand, Nine Hundred and Fourteen Point Eight Four, an upward shift from Thirty thousand, Seven Hundred and six point One –Three points at the close of trading on Wednesday. This was a zero point five-four percent rise.

Similarly, the volume of traded stock climbed to one point four-six billion an impressive increase from One Hundred and Seventy-Seven Point Three Nine Million shares traded on Wednesday.

The value also rose from Two Point Six-Seven Billion naira to Five Point Eight-Five Billion, a Fifty-Four Point Two-Six percent rise.

The gain was triggered by increase in the share prices financial sector equities, with ZENNITH BANK, GUARANTY TRUST BANK, FIRSTBANK HOLDINGS AND UBA trading high volume of shares.

In VALUE ZENITH BANK was the top turnover of Three Point Five-Five Billion with ZENITH BANK having the highest number of trades of Six Hundred and Sixty-Four deals.

Eternal, was the top gainer among Twenty –Two gainers recorded on Thursday. Its share price rose from Four Naira Sixty-Two Kobo to Five Naira Eight Kobo.

LASSACO ASSAURANC PLC followed with a share price rise from One Naira Twenty Kobo to One Naira Thirty Kobo.

Other gainers were ZENNITH BANK, GUARANTY TRUST BANK and DANGOTE SUGAR.

On the loser’s chart, LINK ASSURANCE PLC shed Five Kobo on its share price to top the chart, its it fell to Fifty Kobo from Fifty-Five Kobo traded on Wednesday.

Other losers include, WAPIC, ABC TRANSPORT, STERLING BANK and HONNYWELL  FLOUR MILL PLC.

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