Rise in the share prices of Geregu Power, BUA Cement, and BUA Foods, contributed to the gains achieved in the stock market by investors.
Gains in Geregu Power Plc shares and 23 others pushed the overall market capitalisation of the stock market up by ₦329.25 billion.
As a result, the Nigerian Stock Exchange improved on its positive performance, with the All-Share Index (ASI) rising by 58% to close at 104,100.00 basis points.
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In addition, the market capitalisation gained ₦329.25 billion to close at ₦56.962 trillion from ₦56.633trillion it closed the previous day.
Geregu Power stocks gained 6.47% to close at ₦819.80 per share, while BUA Cement rose by 5.87% to close at ₦158.80 per share yesterday.
Furthermore, BUA Foods appreciated by 1.56% to close at ₦325 per share from ₦320 per share it opened for trading.
Gainers and Losers
University Press emerged as the highest price gainer of 9.96% to close at ₦2.87, per share.
Juli followed with a gain of 9.84% to close at ₦1.34, while Mutual Benefits Assurance advanced by 9.38% to close at 70 kobo, per share.
DAAR Communications rose by 8.82% to close at 74 kobo, while Honeywell Flour Mills appreciated by 7.50% to close at ₦4.30, per share.
On the other side, Unilever Nigeria led others on the losers’ chart with 9.80% to close at ₦16.10, per share.
Julius Berger followed with a decline of 9.64% to close at ₦50.60, while Morison Industries shed 9.60% to close at ₦2.73, per share.
May & Baker Nigeria lost 6.52% to close at ₦6.45, while NASCON Allied Industries depreciated by 5.37% to close at ₦59.05, per share.
The total volume traded declined by 33.35% to 284.489 million units, valued at ₦6.914 billion, and exchanged in 8,168 deals. Transactions in the shares of Guaranty Trust.
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Holding Company (GTCO) led the activity with 56.605 million shares worth ₦2.215 billion.
Transnational Corporation (Transcorp) followed with an account of 33.174 million shares valued at ₦418.312 million, while United Bank for Africa (UBA) traded 18.376 million shares valued at ₦452.958 million.
