Hotel stocks Caphotel, Transcohot rally gainers at NGX, despite dip in ASI by 0.03%, Wednesday

Despite the dip in All-Share Index by 0.03% which closed Wednesday trading at 39,449.82 points as against the 39,460.68 recorded on Tuesday at the Nigerian Exchange (NGX),  the number of gainers remained flat at 17, same as the previous day.

This is as hotel stocks Capital Hotel and Transcorp Hotels drove gains at the day’s trading activities.

However, the losers chart had one extra firm to close Wednesday’s activities at 19 up from the 18 of Tuesday.

Wednesday’s activities saw market capitalization dropping by N5 million after gaining N13 billion a day before to close at N20.553 trillion lower than Tuesday’s N20.559 trillion, even as the All-Share Index (ASI) ended trading at 39,449.82 points from the 39,460.68 recorded the previous day.

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The total volume of 196.33 million units of shares valued at N1.05 billion exchanged hands in 3,881 deals.

On the price movement chart, 17 stocks recorded price appreciation while 19 others constituted the losers’ chart.

Caphotel led the gainers’ table with N0.29k to close at N3.19k, followed by Eterna which gained N0.62k to close at N6.82k while Transcohot gained N0.40k to close at N4.70k.

However, Dangote Sugar lost N0.50k to close at N17.50k to top the losers’ shart, followed by GTCO Plc with a closing price of N28.80k after losing N0.20k and Pharm-Deko Plc, which lost N0.18k to close at N1.71k.

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Transactions on the shares of Sovereign Trust Insurance topped the activity chart with 48.383 million shares valued at N11.167 million, as MBenefit followed with 27. 092 million shares valued at N8.706 million.

It would be recalled that on Tuesday, a total of 196.8 million units of shares valued at N1.45 trillion exchanged hands in 3,881 deals, as the day closed with 17 gainers and 18 losers.

Morison led the gainers’ chart with N.0.14k to close at N1.54k, followed by Zenith Bank Plc, which gained N0.20k to close at N24.50k while Honeywell Flour which had gained N0.15k to close at N3.19k.

FTN Coca Processors led the losers’ chart with N0.04k loss to close at N0.40k as Guinness Nigeria followed with a closing of price of N31.00 after losing N0.80k, while UAC Nigeria lost N0.75k to close at N10.70k.

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Courtville had the highest volume of traded shares for the day as it traded 22.4 million shares, followed by Sovereign Trust Insurance which traded 21.3 million shares.

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