Eterna, Cadbury lead as investors gain N66bn
Eterna Plc and Cadbury Nigeria Plc led the gainers’ chart as the Nigerian Exchange closed positive on Thursday, adding N66bn to its market capitalisation.
At the end of trading, the All-Share Index increased by 105.26 points, or 0.1 per cent to close at 105,430.15 points. This represents a one-week gain of 0.65 per cent, a four-week loss of 0.1 per cent, and an overall year-to-date gain of 2.43 per cent.
The market capitalisation rose to N65.3tn from N65.2tn recorded in the previous session.
Eterna Plc and Cadbury Nigeria Plc led the gainers with a 9.88 per cent appreciation each, closing at N33.35 and N26.70 per share, respectively. They were followed by Fidson Healthcare Plc and UPDC Plc, which gained 9.77 per cent each to settle at N19.10 and N2.36 per share, respectively.
On the losers’ chart, Tripple Gee & Co Plc recorded the highest loss, shedding 9.72 per cent to close at N2.23 per share. Golden Guinea Breweries Plc declined by 8.91 per cent to N7.87. At the same time, Veritas Kapital Assurance Plc dropped 7.81 per cent to close at N1.18 per share.
Trading activity showed a total of 537.19 million shares valued at N23.03bn exchanged in 15,450 deals. However, this represented a 49 per cent decline in volume and a 20 per cent drop in turnover compared to the previous session.
Access Holdings Plc recorded the highest traded volume with 61.6 million shares, followed by Sterling Bank Plc with 50.2 million shares. Zenith Bank Plc and FBN Holdings Plc exchanged 40.5 million and 38.8 million shares, respectively.
The sectoral performance showed a mixed trend, with the Insurance Index gaining 0.63 per cent, the Pension Index rising by 0.32 per cent, and the Consumer Goods Index appreciating by 0.18 per cent. However, the Oil & Gas Index and Main Board Index recorded marginal gains of 0.13 per cent each.
The PUNCH reported that the Nigerian Stock Exchange witnessed a rally on Wednesday as the equity market recorded an overall gain of NGN 332 bn, bolstered by surging trading volumes and investor activity.
