Investors Gain N356bn As All-Share Index Spikes

Investors gained nearly N356 billion at the Nigerian stock market on Thursday as the All-Share Index (ASI) climbed 1.75 percent to 39,461.2 index points, erasing the previous day's losses.

After closing the day's trading with 270,681,776 shares traded in 3,897 deals, worth N2.03billion, the NSE market capitalization surged to NGN 20.66 trillion from yesterday's 20.3 trillion as turnovers improved 6 percent.

Top 5 Gainers

Julius Berger Nig Plc topped the list of 24 gainers on Thursday as the construction giant made its first gain of the month, climbing 10 percent, or N1.90, to close at a new one-month high of N20.9o per share.

Fidson Healthcare Plc was tied on the top spot as its shares also jumped 10 percent (48kobo) to end today's session at a new one-month high of N5.28 per share.

Ekocorp Plc pared its losses from last week when it surged 9.26 percent, or 50kobo to close at N5.90 per share.

Consolidated Hallmark Insurance Plc extended its gains from yesterday with a 9.09 percent rise (3kobo) to equal its one-month high of 36kobo per share.

Royal Exchange Plc continued its rally with an 8.89 percent gain (4kobo) to beat yesterday's monthly record price and close at 49kobo per share.

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Top 5 Decliners

CWG Plc stocks made its first move of the year with a 9.84 percent loss of 25kobo, making it today's top declined stock among 17 losers to close at N2.29 per share.

Mutual Benefits Assurance Plc was down 7.5 percent, or 3kobo at the end of today's trading to close at 37kobo per share.

FBN Holdings Plc plunged 6.76 percent (50 kobo) to a new one-month low of N6.90 per share.

Coronation Insurance Plc (WAPIC) extended its losses with a 3.85 percent drop of 2kobo to close trading at 50kobo per share.

Honeywell Flour Mills Plc dropped by 3.76 percent or 5kobo to close trading at N1.28 per share.