Capital Market Featured Finance

NGX: 58% of total equities traded were crossed deals

*As indicators appreciate further by 0.02%

AT the end of trading on the floor of The Exchange yesterday, 57.69 per cent of the total of 156 equities traded upon were crossed deal. This simply put, means traders moved shares without any price change from the opening or closing. Prices of stocks could close at the same price it opened but in between trades such stocks with have a high price and low price movement before closing at the final price.

Out of the 156 equities traded upon, nineteen equities prices were unchanged, eighteen witnessed price decline, twenty-nine appreciated in value while the remaining ninety equities were crossed deals.

Learn Africa and Niger Insurance both led the gainers table with a price increase of 10 per cent each to close at N2.42 and N0.22 respectively. Others on the table were SCOA, May &Baker, Cutix, Royal Exchange, Berger Paint, RT Briscoe Eternal and Phama Deko.

On the losers table, EllahLake led with a drop of 9.88 per cent to close at N3.83 followed by VeristasKap with a drop of 8 per cent to close at N0.23. Also on the table were Courtville, Guinness, Neimeth, PZ, Souren Insurance, AIICO, Regal Insurance and Unity Bank.

However, market capitalization appreciated by N7 billion a 0.02 per cent to close at N25.464 trillion while The Share Index increased by 12.99 basis points a growth of 0.03 per cent to close at 47, 246.90 points.

In all, a total of 421.821 million shares valued at N5.155 billion was exchanged in 5, 992 deals.

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