Okomu Oil shares appreciate by 8.23%, market cap gains N9.06 billion

At the end of today’s trading session, Okomu Oil Plc share price appreciated by 8.23% to close at N125.00 per share, taking the market capitalization from N110.18 billion to N119.24 billion.

Okomu Oil Plc, today recorded a gain in share prices which can be attributed to investors’ positive sentiment which triggered buy-interests in the shares of the company supporting a gain of N9.06 billion in market capitalization at the close of trading activities on Nigeria’s stock exchange.

The shares of the quoted FMCG company advanced from N115.5 per share at the start of the trading day to N125.00 per share, the highest price traded at the close of the market, to represent a gain of 8.23% which in monetary terms is N9.50.

Stock performance summary

The buy-interests witnessed in the shares of Okomu Oil positively influenced the company’s market capitalization from N110.18 billion to N119.24 billion at the end of today’s trading activities, taking the gain to N9.06 billion.

The shares of Okomu Oil Plc have gained 37.36% from year-to-date, starting the year at N91.00 and currently traded at N125.00. The company’s shares are currently trading at its 52-week high of N125.00 per share. However, the shares of the company have returned about 47.05% gains for investors who bought them at their 52-week low trading price of N85.00 per share.

During today’s trading hours, 127,861 ordinary shares of Okomu Oil Plc worth about N15.98 million, were exchanged in 24 executed deals.

In comparison, the shares of Presco Plc closed flat at N85.00 at the end of today’s trading session.

What you should know

At the end of today’s trading activities, the NGX All-Share Index and market capitalization appreciated by 0.38% from the previous trading day, to close at 41,051.19 index points and N21.39 trillion respectively.

The NGX Consumer Goods Index appreciated by 0.35% to close the day at 560.91 from 558.95 index points.