The local bourse extended the bullish run as the benchmark index gained 1.06 per cent to settle at 43,939.68 basis points.
The positive trading session at the Nigerian Exchange Limited, on Thursday, was spurred by gains witnessed in the share prices of MRS Oil, Dangote Cement and Access Holdings as the respective share prices of the large cap stocks appreciated by 9.83 per cent, 7.77 per cent and 0.63 per cent, respectively.
Consequently, the ASI’s year-to-date (YTD) return rose to 2.86 per cent.
Investors therefore earned N251.06 billion as the market capitalisation closed higher at N23.94 trillion.
Market breadth closed positive with advancing issues outnumbering declining ones. On the performance board, Courtville topped 13 others on the gainer’s table having appreciated in share value by 8.70 per cent while Julius Berger led 12 others on the laggard’s log after it’s share value depreciated by 9.81 per cent.
Also, performance was largely positive across sub-sectors, especially in the industrial sub-sector. Specifically, the NGX Industrial index rose by 3.51 per cent, followed by the NGX Oil/Gas and NGX Banking indices, which rose by 0.12 per cent and 0.01 per cent, respectively. On the flip side, the NGX Insurance and the NGX Consumer Goods indices fell by 1.72 per cent and 0.66 per cent, respectively. Analysis of market activities on Thursday showed that trade turnover settled higher relative to the previous session with total deals, volume, and value increasing by 3.57 per cent, 203.59 per cent and 71.01 per cent, respectively.
A total of 405 million shares valued at N3.10 billion were exchanged in 3,188 deals. Sterling Bank led the volume chart with 171.15 million units traded while Airtel Africa led the value chart in deals worth N700.25 million.
YOU SHOULD NOT MISS THESE HEADLINES FROM NIGERIAN TRIBUNE
American Rapper, 50 Cent, To Shoot TV Series On Hushpuppi
Popular American rapper, actor, movie and TV shows producer, Curtis James Jackson III, known professionally as 50 Cent has disclosed plans to make a TV series about the recently convicted internet fraudster, Ramon Abbas, popularly known as Hushpuppi…
Stroke No Longer A Disease Of The Elderly —Stroke Action
CHIEF Executive Officer, Stroke Action, Rita Melifonwu, says that stroke is no longer a disease of the elderly, it can happen to anyone, anywhere, and anytime just as in 2019…
Japa: Medical Experts Bemoan Loss Of Best Hands To Brain-Drain
As Nigeria continues to lose hundreds of doctors annually to brain drain, a large number of them to the United Kingdom (UK), experts say that the country is not training enough doctors nor is it retaining those currently in practice…
Over 4 Million Nigerians To Benefit From £95m UK Investment To Help Adapt To Climate Change
The UK Foreign Secretary, James Cleverly, has announced as part of UK adaptation-related actions a £95 million Propcom+ investment that is set to benefit at least four million Nigerians, including two million women, to increase productivity…
Oshoala wins Women’s ICC award
Super Falcons striker, Asisat Oshoala, has been honoured by the Women’s International Champions Cup for her role in advancing women’s soccer…
EDITORIAL: Still On Kidnapping On The Highways
WHEN, in previous editorials, we accused the Muhammadu Buhari administration of running “a government of herdsmen, by Nigerians, and for herdsmen,” we were not being cynical…
The Commission, which is expected to have its national headquarters situated in the Federal Capital…
Nigerian Air Force (NAF) has commenced aerial display rehearsals in Abuja and Lagos respectively ahead…
The family of Hafsoh Lawal, the murdered final-year female student of the Kwara State College…
"So, we want to get correct data, so that we'll be able to pay their…
“These agreements will move the UK away from a dependence on overseas workers to fulfil…
“Sequel to the successful conduct of primaries for the emergence of candidates towards the July…
This website uses cookies.