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BUSINESS & ECONOMYCapital MarketCOVERNEWSLETTER

Equity Investors Gain N1.6billion As Market Value Soars

Stock Market Investors Lose N383bn In October

Nigerian Equities Market held on tight to the bullish momentum on Wednesday, September 21, as market capitalisation of the bourse recorded a significant growth.

To this end, investors on the recorded an increase of N1.6billion as the market capitalisation settled at N9.691 trillion on Wednesday.

Meanwhile, trading activities showed investors’ sentiment remained positive as market breadth closed with 22 gainers to 13 losers.

Conoil Plc remained the toast of investors as it proceeded to top the day’s 22 advancing stocks for the seventh consecutive trading session with a gain of 10.11 percent or N3.91 to close at N42.60 per share

The performance of the market was buoyed by bargain hunting in Conoil Plc that jumped by 10.11 percent or N3.91 to settle at N42.60 per share, MRS Oil Plc also increased by 3.69 percent or N1.42 to close at N39.90 per share.

Total Nigeria Plc grew by 0.37 percent or one naira to close at N270 per share, Cadbury Plc appreciated 3.87 percent 55 kobo to close at N14.75 per share and a 2.80 percent or 45 kobo increase in share price of Stanbic IBTC Plc which closed at N16.50 per share.

At the end of trading, market activity settled at 3.1 billion units and N6.2 billion respectively in contrast to 231.5 million units and N2.5 billion traded previously.

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