Stock Market Gains N91bn


Lagos: The stock market closed the week on a positive note with market value growing by N91 billion. Specifically, market capitalisation, which opened at N67.102 trillion, closed at N67.193 trillion, gaining N91 billion or 0.14 percent.



According to News Agency of Nigeria, the All-Share Index improved by 146 points or 0.14 percent to close at 107,821.39, compared to 107,675.46 posted on Thursday. On the price movement chart, 34 stocks recorded price depreciation against 26 gainers.



Red Star Express led the losers’ chart, dropping by 9.96 percent to close at N6.60 per share. Learn Africa fell by 9.84 percent to close at N3.30 per share, while Multiverse Mining and Exploration dropped by 9.72 percent to close at N9.75 per share. Cadbury Nigeria inched down by 9.62 percent to close at N26.30 per share, and Linkage Assurance Plc lost 5.80 percent to close at N1.30 per share.



On the gainers’ side, Austin Laz and Company led the chart with a 10 percent gain to close at N2.09 per share. Oando followed with a gain of 9.94 percent to close at N58.05 per share, and Caverton increased by 9.67 percent to close at N2.95 per share. Additionally, John Holt rose by 9.62 percent to close at N7.98, and PZ gained 9.09 percent to close at N35.40 per share.



In terms of trading volume and value, a total of 458.26 million shares worth N14.078 billion were exchanged in 12,213 transactions. This was compared with 423.42 million shares worth N9.57 billion exchanged in 11,112 transactions on Thursday. Zenith Bank maintained the lead in both volume and value of deals, exchanging 122 million shares worth N5.9 billion.