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Stock investors reap N30bn as 18 firms gain

Ololade Omosan-Agie

Equities listed on the Nigerian Exchange Limited gained N30.03bn at the end of trading, even as the number of losers surpassed the gainers.

The NGX All-Share Index gained 0.15 per cent as it rose from 38,547.08 basis points recorded at the end of the previous trading day to 38,604.72bps.

Activity on the exchange dipped as trading volumes dropped by 36.90 per cent to 244.29 million shares worth N1.91bn exchanged in 4,609 deals on Monday from 387.13 million shares valued at N3.82bn traded in 4,700 deals on Friday.

The market saw negative sentiment as 17 companies recorded price appreciation while 26 declined.

The gainers’ chart was led by Julius Berger Nigeria Plc, which rose by 8.89 per cent to N24.50 per share. NPF Microfinance Bank was next as it rose by 8.00 per cent to close at N1.89 per share.

Other top five gainers were Regency Alliance Insurance Plc (7.14 per cent), Linkage Assurance Plc (6.67 per cent), and Mutual Benefits Assurance Plc (5.41 per cent).

Eterna Plc saw the highest drop in share price as it slumped by 10.00 per cent to N6.39 at the end of trading on the floor of the NGX. Eterna was followed closely by Neimeth International Pharmaceuticals Plc with a 9.71 per cent loss, closing at N1.58 per share. Tripple Gee and Company Plc, Dangote Sugar Refinery Plc, and Lafarge Africa Plc were the other top losers, falling by 9.09 per cent, 5.41 per cent and 5.02 per cent respectively.

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