Honeywell Leads As Market Turnover Rises 214%

The volume of shares traded on the Nigerian bourse on Thursday rose by 214.29 percent as bullish sentiments maintained dominance.

At the end of trading hours, a total of 570.20 million shares valued at N2.28 billion were traded in 3,764 deals as against 181.42 million shares worth N2.09 billion exchanged in 3,599 deals on Wednesday.

The  NGX All-Share Index increased marginally by 41.60 points or 0.11 percent to 39,490.06 points, settling month-to-date gains at 2.5% and narrowing year-to-date loss to 1.9 percent. Consequently, market capitalisation inched higher by N21 billion to close at N20.574 trillion.

Honeywell Flour caught the eyes of investors with a turnover of 384.07 million shares valued at N654.16 million.

It was trailed by Vitafoam with an account of 21.37 million shares worth N331.21 million, while FCMB Group sold 13.60 million shares valued at N42.71 million.

Japaul Gold transacted 12.86 million shares worth N6.36 million, while Sterling accounted for 12.03 million shares valued at N18.50 million.

Honey Well Flour led the gainers’ table in percentage terms, appreciating by 10 percent to N1.87 per share.

Wema Bank followed with 3.95 percent to 79k, while Flour Mills added 3.18 percent to close at N29.90 per share.

AIICO Insurance gained 2.11 percent to close at 97k, while GTCO increased by 1.07 percent to close at N28.40 per share.

Conversely, STS REIT topped the losers’ chart in percentage terms, shedding 9.99 percent to close at N61.75 per share.

Triple G trailed with a loss of 9.28 percent to close at 88k, while Regence Insurance dropped 8.51 percent to 43kobo per share.

Prestige Insurance was down by 8.33 percent to close at 44k, while Japaul Gold dipped 7.84 percent to close at 47kobo per share.