NGX: Meyer Leads Gainers’ Table As Investors Gain ₦87.5bn In Eight Hours

Investors at the Nigerian capital market on Wednesday gained 87.5bn following the rise in equity capitalization from ₦25.44 trillion to ₦25.53 trillion.

At the end of eight hours of trading, stakeholders’ total investment in the market was up by 0.34 percent as the house rebounded from previous losses.

Naija News reports that the All-Share Index was up by 162.28 basis points to close at 47,367.31 compared to 47,205.03 reported on Tuesday.

Investors traded 391.88 million shares worth ₦9.95 billion in 5,419 deals on Wednesday.

This showed a declining interest in the stock market as today’s figure surpassed the 245.42 million shares worth N4.58 billion which exchanged hands in 5,832 deals on Tuesday.

The gainers’ chart was led by Meyer with ₦0.13kobo to rise from ₦1.36kobo to ₦1.49kobo per share.

Ikeja Hotel’s share was up by ₦0.11kobo to move from ₦1.19kobo to ₦1.30kobo per share.

Caverton’s share appreciated by 6.78 percent to move from ₦1.18kobo to ₦1.26kobo per share.

UBN gained ₦0.40kobo to end trading with ₦6.5Pkobo from ₦6.10kobo per share.

FTN Cocoa completed the list after gaining 6.45 percent to close at ₦0.33kobo from ₦0.31kobo per share.

Sunu Assurance led the losers’ chart, shedding 7.69 percent to drop from N0.39kobo to N0.36kobo per share.

Sterling Bank’s share dropped 6 percent to end trading with N1.41kobo from N1.50kobo per share.

Unilever’s share fell from N13.30kobo to ₦12.70kobo per share after losing N0.60kobo during trading.

Wapic lost 4.44 percent to end trading with N0.43kobo from N0.45kobo per share.

United Capital completed the list after losing N0.55kobo of its share price to drop from N13.85kobo to N13.30kobo per share.

GTCO led the day’s trading with 65.88 million shares valued at N1.61 billion.

Zenith Bank followed with 43.91 million shares valued at N1.10 billion.

UBA traded 28.91 million shares worth N235.70 million.

Fidelity Bank sold 28.50 million shares worth N106.47 million, while MTN Nigeria traded 22.75 million valued at N4.82 billion.

This article was originally published on Nigeria News