Would you like to receive notifications for Breaking news and updates?

  • Business - Market Data
  • Updated: Jun 09, 2021

Investors Gain N102bn On Bargain Hunting

Investors Gain N102bn On Bargain Hunting

Bullish sentiment returned on the Nigerian stock market on Tuesday as investors’ net worth appreciated by N102 billion on bargain hunting.

The markets were pushed into gains due to investors’ buy interest in industrial goods, consumer goods, and oil & gas sector stocks.

Market capitalisation closed at N20.266 trillion as the All-Share Index increased by 195.30 points, or 0.50 percent, to close at 38,881.70.

Price appreciation in large and medium capitalised stocks, including Okomu Oil, Dangote Cement, Flour Mills, Dangote Sugar, and Unilever drove the market upturn.

Okomu Oil dominated the gainers’ chart in percentage terms with 10 percent to close at N106.15 per share.

Learn Africa followed with 9 percent to close at N1.09, while Champion Breweries rose by 4.71 percent to close at N2 per share.

Unilever inched higher by 3.86 percent to close at N12.10, while Cornerstone Insurance appreciated by 3.57 percent to close at 58kobo per share.

Conversely, CWG led the losers’ chart in percentage terms by 9.42 percent to close at N1.25 per share.

Regency Alliance Insurance trailed with 8.16 percent to close at 45k per share.

FTN Cocoa Processors and Veritas Kapital Assurance shed 7.69 percent each to close at 36kobo and 24kobo per share, respectively.

Caverton Offshore Support Group depreciated by 5.26 percent to close at N1.80 per share.

Also, the total volume of shares traded increased by 3.7 percent to 218.52 million shares valued at N1.59 billion exchanged in 3,630 deals. This was against a total of 210.75 million shares worth N1.49 billion achieved in 3,958 deals on Monday.

Courteville Business Solutions topped the activity chart with 35.82 million shares valued at N7.25 million.

Fidelity Bank came second with 26.63 million shares worth N60.17 million, while Zenith Bank traded 15.25 million shares valued  N349.32 million.

AXA Mansard Insurance sold 13.87 million shares worth N11.95 million, while Veritas Kapital Assurance transacted 12.82 million shares worth N3.36 million.

Top Gainer
Index Opening Price Closing Price Change % Day’s High Day’s Low
REGENCY ASSURANCE PLC 0.46 0.50 8.70 0.50 0.50
SMART PRODUCTS NIGERIA PLC 0.24 0.26 8.33 0.26 0.26
ROYAL EXCHANGE PLC 0.68 0.72 5.88 0.72 0.62
CORNERSTONE INSURANCE PLC 0.55 0.58 5.45 0.58 0.55
See all


Join our Telegram platform to get news update Join Now

0 Comment(s)

Join our Telegram platform to get news update

Join Now