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Nairametrics
Home Markets

Stock market gains N47.4 billion on Friday

Samuel Oyekanmi by Samuel Oyekanmi
November 22, 2019
in Markets, Stock Market
stock, shares, Equity Market down by 0.6% on Monday, Quoted Companies post N4.2 trillion combined profits since 2015, Stockbrokers in Lagos are shifting focus to commodities as stocks underperform, Stock Market gains N204 billion, as effects of OMO restriction kicks in , Penalties: NSE makes over N143.6 million from banks, real sector in 2019 , These companies could soon be delisted from the Nigerian Stock Exchange , C&I Leasing, Oando, UBA, two others top gainers chart on Wednesday, 2020 Nigerian Equities Outlook: Breaking the Jinx?, LASACO, AIICO lead gainers on Wednesday, as bourse dips 0.91% , MTN, Zenith, GTBank lead actively traded stocks on Thursday , Equities: Bearish trades cost the Stock Market N403.02 billion in one week, Blue chips outperform, as All-Share Index up by 9.2% since OMO ban 
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The market capitalization of the Nigerian Stock Exchange has returned to N13 trillion mark on Friday when the indicator increased from N12.98 trillion on Thursday to N13.03 trillion, indicating N47.4 billion gain.

The All share index grew by 0.44% to close at 26,991.42.

Top gainers

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Okomu Oil Palm Plc led the gainers’ chart as it gained 10% to close at N55 followed by Neimeth Pharmaceuticals Plc, which gained 9.8% to close at N0.56. Ikeja hotel plc gained 9.65% to close at N1.25. Mcnichols Plc also gained 9.52% on the bourse to close at N0.46 while Chams Plc capped the list with 9.09% gain to close at N0.36.

Top losers

On the flip side, Jaiz bank lost 8.7% to close at N0.63, Courteville business solution Plc also shed 8% of its share value to close at N0.23 with Lasaco Assurance also losing 8% to close at N0.23. Wema bank and Fidelity bank plc completed the list with 5.33% and 4.31% loss to close at N0.71 and N2 respectively.

Top trades by volume

The top trades recorded on the bourse of the stock exchange today accumulates to 97.3 million shares valued at N1.3 billion hereby accounting for 44.6% of the total value of trades.

Access bank plc led the ranks of actively traded stocks as it traded in 27.3 million shares at N276.6 million across 276 deals followed by Zenith bank plc, which traded 26.1 million shares valued at N487.4 million across 425 deals. Fidelity bank plc despite shedding 4.31% of its share value, traded in N15.6 million shares at N31.7 million across 149 deals.

GTBank plc traded in 15.6 million shares valued at N460.1 million across 127 deals while AIICO insurance completed the list with trades in 12.7 million shares valued at N9.02 million across 53 deals.

Tags: AIICO Insurance - NewsGTCO Holdings - News
Samuel Oyekanmi

Samuel Oyekanmi

For further inquiries about this article, contact: Email: samuel.oyekanmi@nairametrics.com Twitter: @OYEKANMISAMUEL Linkedln: Samuel Oyekanmi

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