RT Briscoe Nigeria Plc jumped 9.6 percent on the Nigerian Exchange (NGX) on Thursday as increased buying interest pushed the company’s share price close to the daily maximum price movement.
The stock gained N0.85 to close at N9.75 per share, up from N8.90 in the previous trading session, representing an increase of 9.55 percent.
The advance placed RT Briscoe among the strongest-performing equities on the NGX during Thursday’s session.
Critical Minerals Financing Corporation led the reported gainers after appreciating 10 percent from N2.70 to N2.97, while RT Briscoe followed with its 9.55 percent increase.
Caverton Offshore Support Group gained 8.75 percent from N4 to N4.35, while Nigerian Aviation Handling Company advanced 8.57 percent from N140 to N152.
Linkage Assurance completed the five leading gainers after rising 7.36 percent from N1.63 to N1.75.
RT Briscoe’s advance came as the broader equities market extended its upward movement.
The NGX All-Share Index rose 0.38 percent to 252,150.01 points, from 251,191.02 points in the previous trading session.
Equity market capitalisation increased by approximately N623 billion to N163.68 trillion, compared with N163.06 trillion on Wednesday.
Investors exchanged 978.29 million shares worth N50.16 billion in 48,558 deals during Thursday’s session.
Although total trading volume declined from the 1.59 billion shares recorded in the previous session, transaction value increased by approximately 9.5 percent from N45.82 billion.
Fidelity Bank dominated activity by volume with 335.20 million shares worth N6.91 billion, accounting for approximately 34.3 percent of all shares traded during the session.
On the losing side, Neimeth International Pharmaceuticals declined 7.23 percent to N7.70, while Ellah Lakes fell 5.33 percent to N8.
Mutual Benefits Assurance declined 4.65 percent to N3.28, Lasaco Assurance lost 4.44 percent to N1.72, while Wema Bank fell 3.93 percent to N30.55.
RT Briscoe’s 9.55 percent increase to N9.75 therefore positioned the company as the second-highest reported gainer on Thursday as buying interest strengthened across selected NGX-listed equities.