*As index crosses 48,000 basis points
INVESTORS yesterday continued the upward movement with Eterna topping the gainers chart with a price increase of 10 per cent alongside Japual Gold with same 10 per cent to close at NN5.50 and N0.33 respectively.
The stock is riding on the good news of the company’s outright acquisition and investors are taking position as some offload for others to be stakeholders in the new Eterna company.
Speaking with a market dealer, TBI Africa learnt that the news was like a soft landing as the new investor is giving the company a lifeline and only those with a foresight are taking position to benefit from the major turnaround of the company which is not too far away.
Others on the top five gainers list were Guinness, Meyer, and Wapic with price increases of 9.96 per cent, 9.66 per cent and 9.52 per cent to close at N N82.25, N1.93 and N0.46 per share.
Also on the table were NB, Sterling Bank, Dangote Cement, FCMB, ETI, UBN, Conoil, Wem Bank, NAHCO and Oando.
On the lower table Union Dicon led with the highest drop of 9.60 per cent to close at N8.95 followed by CWG with a drop of 9.28 per cent to close at N0.88. The other top five were John Holt, Regal Insurance, and Suru Assurance with price drops of 8.97 per cent, 8.57 per cent and 8.33 per cent to close at N0.71, N0.32, N0.33 respectively. Also on the table were Cutix, Cornerstone, FTN Cocoa, Unilever, Zenith Bank, GTCO, Neimeth, Fidelity Bank and Accesscorp.
However, the twin market indicators added another 1.25 percent each leaving the All Share Index hitting the 48,000 mark. The index added 592.85 points to close at 48,138.71 basis points while the Market Capitalization improved by N320 billion to close at N25.952 trillion.
In all, investors traded 349.561 million shares worth N3.699 billion across 4,587 deals.
