Investors Gain ₦40bn As Regal Insurance Tops Losers Chart

Investors on Monday gained the sum of forty billion Naira as the trading session continued from the bullish run of last week.

Naija News gathered that the Nigeria stock market increased from ₦24.72 trillion recorded on Friday to ₦24.74 trillion on Monday.

The All-Share Index after the close of the day’s business was down by 29.08 basis points to close at 45,928.27 points compared to 45,957.35 posted on Friday.

Meanwhile, the value of investment recorded by the capital market rose today as over 278.60 million shares were exchanged in 4,447 deals valued at N2.88 billion.

It was in contrast to the 281.58 million shares investors exchanged last week Friday for N2.41 billion in 3,739 deals.

On Monday, Livingtrust led the gainers’ chart, after recording N0.10kobo gain in its share, sending the equity to N1.14kobo per share from N1.04kobo.

NNFM share price increased in value, gaining N0.75kobo to end trading with N8.65kobo from N7.90kobo per share.

Academy share value was up 9.09 percent to move from N0.66kobo to N0.72kobo per share.

Courtville gained 8.70 percent to move from N0.46kobo to N0.50kobo per share.

Associated Bus Transport was up by 5.88 percent as the shares ended trading with N0.36kobo from N0.34kobo per share.

The top five decliners were led by Regal Insurance, with its share value declining from N0.42kobo to N0.38kobo per share after shedding 9.52 percent in its share price.

FTN Cocoa share price depreciated from N0.39kobo to N0.36kobo per share after losing 7.69 percent in its asset value during trading

NEM sharesdropped N0.20kobo to end trading at N3.50kobo from N3.70kobo per share.

Sovereign Insurance lost 4.17 percent to end trading with N0.23kobo from N0.24kobo per share.

Cutix completed the list after shedding N0.10kobo from its market price to drop from N2.50kobo to N2.40kobo per share.

The top trading equities are Chams, which reported an exchange of 8.11 million shares worth N38.05 million.

UBA traded 35.11 million valued at N284.73 million.

Courtville followed with 33.32 million shares valued at N16.54 million.

Sterling Bank sold 18.77 million shares worth N30.10 million, while Access Bank traded 17.06 million valued at N166.41 million.