Business
Stock market experiences growth of N138bn within 24 hours
PZ Cussons followed 9.92 per cent to close at N36, while Royal Exchange Assurance rose by 9.86 per cent to close at 78k per share.
Honeywell Flour Mills gained by 9.84 per cent to close at N4.91, while Sunu Assurances added by 9.75 per cent to close at N2.25 per share.
Conversly, The Initiative Plc (TIP) led the losers’ table by 6.88 per cent to close at N2.30 per share.
Jaiz Bank trailed by 6.39 per cent to close at N2.93 per share.
Tantalizer lost six per cent to close at 47k, while Daar Communications shed 4.26 per cent to close at 90k per share.
International Breweries decreased by 3.99 per cent to close at N5.30 per share.
Analysis of the market activities showed that trade turnover settled lower relative to the previous session, with the value of transactions down by 14.09 per cent.
Meanwhile, investors exchanged 519.39 million shares valued at N8.85 billion in 11,301 deals.
Japaul Gold Group was the most active stock, trading 59.17 million shares valued at N181.19 million.
United Bank of Africa(UBA) followed with 48.69 million shares worth N1.48 billion, while Universal Insurance came third with 39.88 million shares valued at N18.49 million.
GTCO sold 24.65 million shares valued at N1.08 billion and United Capital Plc sold 22.31 million units of shares worth N498.52 million.
PZ Cussons closed at N36 after rising 9.92%, and Royal Exchange Assurance closed at N78k per share after rising 9.86%.
Sunu Assurances rose by 9.75% to conclude at N2.25 per share, while Honeywell Flour Mills gained by 9.84% to close at N4.91.
On the other hand, The Initiative Plc (TIP), which closed at N2.30 per share, lead the losers’ table with 6.88 percent.
Jaiz Bank ended the day at N2.93 per share, behind by 6.39%.
Daar Communications lost 4.26 percent to settle at 90k per share, while Tantalizer fell six percent to close at 47k.
International Breweries closed at N5.30 per share, down 3.99% from the previous trading session.
An examination of the market activity revealed that trade turnover ended up being lower than it had been in the previous session, with a 14.09 percent decrease in transaction value.
In the meantime, 11,301 deals involving 519.39 million shares, valued at N8.85 billion, were completed by investors.
The most traded stock was Japaul Gold Group, with 59.17 million shares trading for N181.19 million.
Following with 48.69 million shares priced at N1.48 billion was United Bank of Africa (UBA), followed by Universal Insurance with 39.88 million shares valued at N18.49 million.
GTCO and United Capital Plc each sold 24.65 million and 22.31 million shares, respectively, for a total value of N1.08 billion and N498.52 million.
