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Nigeria Stock Exchange: PRESCO gains as Market closes for March 18th

Okomu Oil Palm and Presco Plc, traders of OKOMUOIL and PRESCO are leading in the Agricultural section of the Nigeria Stock Exchange.

 

Presco Plc is currently the 22nd most valuable stock on the NGX with a market capitalization of NGN 133 billion, which makes about 0.522% of the Nigerian Stock Exchange equity market.

 

With Gross Turnover of 7.35M, PRESCO closed on Friday 18th March with Trade Volume of 21 (57,123), closing at 133.00, with N8.00 gain of 6.40 per cent.

Nigeria Stock Exchange: PRESCO gains as Market closes for March 18th

OKOMUOIL on the other hand closed its last trading day (Friday, March 18, 2022) though at 143.50 NGN per share on the Nigerian Stock Exchange (NGX) but gained N1.00 of 0.01 per cent.

Okomu Oil Palm is currently the 20th most valuable stock on the NGX with a market capitalization of NGN 137 billion, which is about 0.537% of the Nigerian Stock Exchange equity market.



Others in this category are ELLAHLAKES and LIVESTOCK closing at 3.12 and 1.60 respectively.

 

Generally, at the end of the last weekday of trading on the Nigerian Stock Exchange (NGX), a total of 599,506,918 shares in 4,289 deals, corresponding to a market value of NGN 3,831,433,158.24, were traded. There was 150% improvement in volume, 2% decline in turnover, but 11% improvement in deals. The current market capitalization of the Nigerian Stock Exchange is NGN 25.5 trillion.

 

In the aggregate, 112 NGX listed equities participated in trading, ending with 13 gainers and 20 losers. PZ Cussons Nigeria led the gainers with 9.55% share price appreciation closing at NGN 8.60 per share, followed by Computer Warehouse Group (+8.08%), Royal Exchange (+7.14%) and Niger Insurance Company (+5%). On the losing side, MRS Oil Nigeria came out last with an end-of-day price depreciation of 9.96% at NGN 12.20 per share, followed by Ikeja Hotel (-9.87%), Wapic Insurance (-9.43%) and Mutual Benefits Assurance (-7.41%). E-Tranzact International recorded the highest volume of 331 million traded shares, followed by Fidelity Bank (47.8m), FBN Holdings (36.8m) and Access Bank (29.5m).



Regarding the performance of NGX market indices, the benchmark NGX All-Share Index (ASI) pared 70.55 (-0.15%) points to close at 47,282.67, representing a 1-week loss of 0.33%, a 4-week gain of 0.3%, and an overall year-to-date gain of 10.69%. Other remarkable indices that performed were the NGX Top 50 Index (+0.05%; +0.26% 1WK; +4.19% YTD), NGX Top 30 Index (-0.01%; -0.19% 1WK; +5.49% YTD), NGX Consumer Goods Index (+0.07%; -0.43% 1WK; -3.14% YTD), NGX Industrial Index (-0%; +0.14% 1WK; +5.41% YTD), NGX Premium Index (-0.01%; -0.38% 1WK; +6.6% YTD), and NGX Pension Index (-0.19%; -0.36% 1WK; +5.92% YTD).

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Tags: ELLAHLAKES komu Oil Palm LIVESTOCK Nigerian Stock Exchange Nigerian Stock Exchange (NGX) OKOMUOIL PRESCO Presco Plc
FADAKA LOUIS

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