Gains in Okomuoil, BUA Food, others lift capitalisation by N40b

Following gains recorded by Okomuoil Plc and BUA Foods, the Nigeria equities marketplace reversed losses to resume successful an upbeat signifier yesterday arsenic marketplace capitalisation accrued by N40 billion.

At the adjacent of transactions yesterday, the All-Share Index of the Nigerian Exchange Limited (NGX) appreciated by 63.83 ground points to 96037.28 points from 95973.45 points it closed connected Friday, portion marketplace capitalisation of listed equities accrued by 0.07 per cent to N55.165 trillion from N55.129 trillion.

The affirmative show of the marketplace was chiefly driven by summation recorded successful the shares of BUA Foods, Dangote Sugar, FBNHoldings Eterna Plc, Oando Plc, Okomuoil , RTBriscoe and 21 others.

Consequently, twelvemonth to day instrumentality went up to 28.44 per cent arsenic NGX printed 28 gainers against 18 losers.

On what volition signifier the marketplace successful the adjacent trading session, analysts astatine Vetiva Dealings and Brokerage, said: “We expect the marketplace to commercialized successful a mixed manner, arsenic investors respond to the latest macroeconomic information for the country. The NBS released Nigeria’s 2nd 4th (Q2) 2024 GDP study showcasing a 3.14 per cent y/y emergence successful existent GDP for Q2’24.”

On the terms question chart, Eterna Plc led gainers’ array with 10 per cent to adjacent astatine N23.10 kobo portion Okomuoil followed with a summation of 9.99 per cent to adjacent astatine N379.80 kobo.

RTBriscoe added 9.96 per cent to adjacent astatine N2.98 kobo. Oando Plc precocious by 9.93 per cent to adjacent astatine N52.60 kobo, Japaul Gold accrued by 9.73 per cent to adjacent astatine N2.48 kobo.

Veritas Kapital added 9.52 per cent to adjacent astatine N1.38 kobo. The Initiates Plc appreciated by 9.36 per cent to adjacent astatine N2.22 kobo. NSL Tech garnered 9.30 per cent to adjacent astatine 47 kobo. MC Nicholas roseate by 9.09 per cent to adjacent astatine N1.08 kobo. Deap Capital besides precocious by 8.93 per cent to adjacent astatine 61 kobo.

However, Transcorp powerfulness topped the losers’ chart, dropping by 9.99 per cent to adjacent astatine N335.20 kobo. Abbey Building Society trailed with a nonaccomplishment of 9.69 per cent to adjacent astatine N2.33 kobo.

United Capital was down by 8.35 per cent to N18.10 kobo. UPL dipped by 5.51 per cent to adjacent astatine N2.40 kobo, Unilever Nigeria Plc dropped by 5.26 per cent to adjacent astatine N18.

Accesscorp shed 4.76 per cent to adjacent astatine N19. FTN Cocoa declined by 2.63 per cent to adjacent astatine N1.85 kobo. CWG mislaid 2.56 per cent to adjacent astatine N5.70 kobo. Livestock Feeds depreciated by 2.22 per cent to adjacent astatine N2.20 kobo. International Breweries besides shed 1.86 per cent to adjacent astatine N4.22 kobo.

Volume of trades accrued by 63.24 million, representing 19.32 per cent arsenic investors traded 390.512 cardinal shares valued astatine N3.884 cardinal successful 9242 deals against 327.276 cardinal shares valued astatine N4.609 cardinal exchanged hands the erstwhile time successful 7351 deals.

Transactions successful the shares of Veritas Kapital led marketplace activities with 67.269 cardinal shares valued astatine N90.254 million, Japaul Gold followed with 23.923 cardinal shares outgo N58.251 million, FCMB radical traded 20.483 cardinal shares worthy N155.668 million, Prestige security exchanged 20.243 cardinal shares valued astatine N10.283 cardinal portion Chams exchanged 18.320 cardinal shares outgo N38.769 million.