Investors gain N50.35bn amidst rise in 31 stocks

 

At the end of trading session on the floor of the Nigerian Exchange Limited on Monday, investors gained N50.35bn.

The market capitalisation of the equities listed on the NGX rose to N25.46tn on Monday from N25.41tn on Friday.

The NGX All-Share Index also rose to 47,233.91 basis points from 47,140.48 basis points.

Thirty-one companies recorded gains at the end of trading on Monday, while 17 companies recorded losses.

A total of 421.46 million shares valued at N4.23bn were traded by investors in 5,961 deals.

R.T. Briscoe Nigeria Plc and United Capital Plc topped the gainers’ list as their share prices rose by 10 per cent each to 66 kobo and N13.20 respectively.

Africa Prudential Plc and Academy Press Plc’s share prices appreciated by 9.56 per cent and 9.5 per cent to N7.45 and N1.96 respectively, while Champion Breweries Plc and May & Baker Nigeria Plc’s share prices appreciated by 8.78 and 8.31 per cent to N2.23 and N4.56 respectively.

On the losers’ list, the share prices of Juli Plc and Multiverse Mining and Exploration Plc fell by 9.76 per cent and 8.00 per cent to close at 74 kobo and 23 kobo respectively.