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Friday, February 3, 2023

Market cap up by 0.02% as Zenith Bank, GTCO top trading –

Growth in the Nigerian capital market was sluggish on Thursday, with the value of investments rising to N28.66 trillion at the close.

This represented an increase of 0.02 percent or N5.94 billion in market capitalization compared to the N28.65 trillion posted by the exchange on Wednesday.

The all-share index rose 10.91 basis points to close at 52,626.42, up from 52,615.51 in the previous session.

Also, investors bought 129.03 million shares for 1.81 billion naira in 3,183 transactions on Thursday.

That was down from the 217.94 million shares that shareholders spent of 4.47 billion naira in 3,377 transactions on Wednesday.

International Energy Insurance led the gains with a 9.76% share price increase, from N0.41kobo per share to N0.45kobo.

CWG rose 9.47%, from N0.95kobo per share to N1.04.

Shares in Caverton rose 9.38% from N1.05 per share to N0.96kobo.

Shares in John Holt rose 9.09%, from N0.88kobo to N0.96kobo per share.

Linkage Assurance rose 8.33% to close at N0.52kobo, higher than the opening price of N0.48kobo per share.

C&I Leasing topped the list of losers after reducing N0.35kobo from N3.50kobo per share to N3.15kobo.

Also read:NGX: UPDC REIT, MRS lead gains, investors earn N183.7 billion

Shares in Chams fell 7.14% to close at N0.26kobo from N0.28kobo per share.

Sovereign Insurance fell 7.14 percent to end trading at N0.26 kobo from N0.28 kobo per share.

UPDC REIT lost N0.20kobo from N3.30kobo per share to N3.10kobo.

Shares in Royal Exchange fell from N0.90kobo per share to N0.85kobo after falling 5.56% during the session.

Zenith Bank led the day’s trading with 18.55 million shares worth N455.73 million.

GTCO traded 18.52 million shares worth N451.13 million.

UBA sold 9.73 million shares worth N78.61 million.

The Royal Exchange followed with 9.39 million shares worth 7.79 million guilders, while Access Corp traded 7.67 million shares worth 69.49 million guilders.

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