The bulls tightened its grip on the equity sector of the Nigerian Stock Exchange (NSE) yesterday, following heavy price gains recorded by most blue chip stocks, as investors’ wealth soared significantly by 7.4 per cent in four trading days. Specifically, market capitalisation of listed equities rose by N1.1trillion or 7.4 per cent from N14.181trillion recorded when the market reopened for the week on Monday to N15.317trillion yesterday. Yesterday, 56 stocks appreciated in price, as Seplat emerged the day’s highest price gainer with 15.01 kobo to close at N675.01 per share. however, Flour Mills topped the losers’ chart with 0.40 kobo to close at N33.00 per share. In the audited results for the year ended June 30, 2017, Legacy Short Maturity (NGN) Fund recorded a Profit After Tax (PAT) of N100.487million, as against N50.343million realised in the previous Fund Year.

Source: The Guardian January 12, 2018 02:15 UTC