Stanbic IBTC, May & Baker champion gainers as stocks profits ₦486bn
Stanbic IBTC, May & Baker champion gainers as stocks profits ₦486bn
The stock market rounded up the week on a positive note on Friday, recording a profit of ₦486 billion.
The market only traded for three days as Monday and Thursday were declared public holidays for Eid Kabir and Democracy Day.
Market capitalisation rose by ₦486 billion or 0.67 per cent, closing at ₦72.788 trillion, up from ₦72.302 trillion on Wednesday.
The All-Share Index gained 770.43 points or 0.67 per cent, closing at 115,429.54, up from its previous 114,659.11.
Gains were driven by interest in medium and large-cap stocks such as May & Baker, Infinity Trust, Stanbic IBTC, MRS, and others.
Market breadth also closed positive with 50 gainers compared to 22 losers.
May & Baker led the gainers, rising by 10 per cent to close at ₦15.40 per share. Infinity Trust Mortgage Bank followed, also gaining 10 per cent to end at ₦7.70 per share.
Livingtrust Mortgage Bank increased by 10 per cent to close at ₦5.72 per share. Stanbic IBTC climbed 9.98 per cent, ending the session at ₦79.35 per share.
MRS gained 9.94 per cent to settle at ₦155.90 per share. Northern Nigeria Flour Mills led the laggards, dropping 10 per cent to close at ₦112.55 per share.
Conoil fell by 9.99 per cent, ending at ₦241.50 per share. Nigerian Enamelware declined by 9.98 per cent to close at ₦18.50 per share.
University Press dropped 9.84 per cent, settling at ₦5.50 per share. John Holt fell by 9.49 per cent to end at ₦6.20 per share.
A total of 933.26 million shares worth ₦17.95 billion were traded across 20,500 deals.
This contrasts with 471.15 million shares valued at ₦14.19 billion traded in 20,538 deals on Wednesday.
Tantalizer led trading with 420.45 million shares valued at ₦946.06 million. GTCO followed with 35.44 million shares worth ₦2.52 billion.
Zenith Bank traded 34.72 million shares worth ₦1.75 billion. Computer Warehouse Group recorded 29.81 million shares worth ₦278.19 million.
First Holdco transacted 27.28 million shares valued at ₦779.16 million.
