Investors stake N1.486bn in shares as indicators nudge ahead

Activities on the floor of Nigerian Exchange remained low as investors exchanged N1.487 billion on 160.243 million shares in 3847 deals. This is against 86.594 million shares worth N1.170 billion exchanged hands the previous day in 3377 deals.

The NGX trading result showed that market capitalisation of listed equities increased marginally by N1 billion or 0.003 per cent to N26.768 trillion from N26.767 trillion reported the previous day.

The NGX All Share Index also up by 2.01 basis points to 49627.72 points from 49625.71 points traded the previous day.

A review of Investment indicated that Multiverse led gainers table during the day, gaining N9.69 per cent to N2.83, NPF Microfinance Bank followed with a gain of 7.84 per cent to N1.65, Pharm Deko added 5.13 per cent to N2.05, Cutix Plc added 5.12 per cent to N2.26, Fidelity Bank gained 3.02 per cent to N3.41.

On the contrary, Redstarex topped losers chart during the day, shedding 10 per cent to N2.43, Caverton trailed with a drop of 4.55 per cent to N1.05, Livestock Feeds fell by 4.31 per cent to N1.11, Sovereign Trust Insurance down by 3.70 per cent to N0.26, Lasaco Insurance fell by 3.13 per cent to N0.93.

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