Investors in NGX reap N130bn in profits as Zenith, GTCO surge
Investors in the equity market of Nigerian Exchange Limited (NGX) saw a N130billion windfall as bellwether stocks like Zenith Bank Plc and Guaranty Trust Holding Company Plc (GTCO) soared amid buying interest.
The total market capitalisation of stocks listed on NGX climbed by 0.54 per cent to N23.99trillion from N23.86trillion at the end of trading on Wednesday.
Investors traded 159.44 million shares valued at N2.86billion in 3,039 deals, a 54.1 per cent jump from 103.47 million shares worth N1.19billion in 3,045 deals the previous day.
The top five traded stocks by volume were Fidelity Bank Plc with 27.95 million shares, GTCO with 20.82 million shares, Zenith Bank with 14 million shares, FBN Holdings with 8.86 million shares and Unity Bank Plc with 7.6 million shares.
By value traded, Airtel Africa Plc led the charts, followed by MTN Nigeria Communications Plc, GTCO, Zenith Bank and Bua Foods Plc.
Cornerstone Insurance Plc led the gainers’ chart as its stock rose by 10 per cent, followed by MRS Oil and gas Plc (9.73%).
Other top gainers were Zenith Bank (8.46%), GTCO (6.63%) and Lafarge Africa Plc (5.97%).
The top five decliners were Eterna Plc (10%), Guinness Nigeria Plc (9.84%), Consolidated Hallmark Insurance Plc (9.84%), SCOA Plc (9.49%), Sunu Assurance Plc (9.37%).
A total of 211 companies gained compared to 25 decliners.
Daily turnover hit N1.07trillion as 94.41 billion shares have been exchanged by investors on the floor of NGX.
