Stock market extends rally with N253 billion gain
The Nigerian bourse on Friday extended its positive performance with market capitalisation gaining N253 billion or 0.89 per cent to close at N28.602 trillion compared with N28.349 trillion on Thursday.
Also, the All-Share Index (ASI) rose by 463.63 points, representing an increase of 0.89 per cent to close at 52,512.48 from 52,048.85 posted at the previous trade.
The upturn was impacted by gains in stocks such as MTN Nigeria, Zenith Bsnk, WAPCO, among others.
As a result, the year-to-date (YTD) return rose to 2.46 per cent.
Market sentiment as measured by market breadth was positive with 36 gainers relative to 12 losers.
Berger Paint, TOTAL and Linkage Assurance led the gainers’ chart in percentage terms by 10 per cent each to close at N6.60, N212.30 and 44k per share, respectively.
Thomas Wyatt followed with a gain of 9.63 per cent to close at N1.48 per share.
Prestige Assurances rose by 9.52 per cent to close at 46k per share.
On the other hand, Lasaco Assurance drove the losers’ chart by 10 per cent to close at 99k per share.
Computer Warehouse Group followed with a decline of 9.52 per cent to close at 95k, while Chellarams depreciated by 9.46 per cent to close at N1.34 per share.
Royal Exchange declined by 7.14 per cent to close at 91k, while Fidson Phamaceutical depreciated by 4.60 per cent to close at N9.34 per share.
The total value of trades decreased by 66.96 per cent to 217.16 million units, valued at N2.55 billion exchanged in 4,591 deals.
Transactions in the shares of Zenith Bank topped the activity chart with 20.31 million shares valued at N517.74 million.
GTCO followed with 18.2 million shares worth N499.91 million, while United Bank for Aftica (UBA) traded 17.15 million shares valued at N144.39 million.
Sterling Bank traded 15.8 million shares valued at N24.34 billion, while Transcorp transacted 11.7 million shares worth N14.06 million.
(NAN)
We have recently deactivated our website's comment provider in favour of other channels of distribution and commentary. We encourage you to join the conversation on our stories via our Facebook, Twitter and other social media pages.
More from Peoples Gazette
Agriculture
FG tasks ECOWAS on leveraging financing strategies for agroecology
The federal government has urged stakeholders in the agriculture and finance sectors in the West Africa region to leverage financing strategies to enhance agroecology practices
Politics
Katsina youths pledge to deliver over 2 million votes to Atiku
“Katsina State is Atiku’s political base because it is his second home.”
NationWide
FG’s reforms repositioning Nigeria for economic growth: Minister
Mr Idris said fuel subsidy removal and the unification of the foreign exchange have restored confidence in Nigeria’s economic direction.
NationWide
Tinubu declines assent to RMRDC, CIPSM bills over legal concerns
The president said that, subject to resolving the grey areas, the bill might be suitable for retransmission and assent after the necessary legislative amendments.
NationWide
Access Bank, partners expand access to education for 14,000 vulnerable children
“Investment in education creates lasting and intergenerational impact for communities,” Mr Ogbonna said.
States
UITH resident doctors begin five-day warning strike over attack on member
Mr Oladepo said that a female senior registrar in the pediatrics department was assaulted on Wednesday after treating a two-year-old baby, who later died.
NationWide
Soldiers’ salary increased from N49,000 to N100,000, says defence minister
Mr Musa also called for tougher penalties for kidnappers.
