Thursday, July 29, 2021

Nigeria’s stock trading volume jumps 189% as 22 firms gain

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Twenty-two firms listed on the Nigeria Exchange Limited saw their share prices increase yesterday with trading volume rising by 189.27 per cent.

Investors in the equities market gained N3bn as the market capitalisation rose to N19.77tn while the NGX All-Share Index increased by 0.01 per cent to 37,952.65 basis points.

The NGX Premium Index lost 0.68 basis points, reflecting losses from all Tier-1 banks listed on the Index.

Ten firms recorded losses at the end of trading on the floor of the NGX.

FTN Cocoa Processors Plc recorded the biggest loss as its share price fell by 7.32 per cent to close at N0.38.