The Nigerian equities market appreciated for the second consecutive, recording an increase of 0.59 per cent in All-Share Index of the Nigerian Stock Exchange (NSE) and Market capitalisation on Thursday.
The growth was preceded by demand for banking stocks which led to the highest of 1.83 percent in the banking index. This was followed by consumer goods index which also appreciated 1.12 per cent following demand in Unilever that added 5.65 per cent in Thursday.
Consequently the ASI added 199.64 points and closed the day at 33,797.84. Market capitalisation that closed the day at N11.688 trillion added N70 billion, improving Year to Date returns to 25.8 per cent.
May and Baker for the third day in row led the gainers’ table, increasing by 9.79 per cent to close at N4.15 per share.
Skye Bank followed with a gain of 9.52 per cent to close at 69 kobo and Unilever gained 5.65 per cent to close at N43 per share.
UAC Prop appreciated by 5.00 percent to close at N2.94, while Fidson grew by five per cent to close at N3.15 per share.
On the other hand, Champion Breweries led the losers’ chart, dropping by 4.89 per cent to close at N3.11 per share.
Honey well Flour Mills trailed with a loss of 4.85 per cent to close at N2.16 and Jaiz Bank declined by 4.49 per cent to close at 85k per share.
Neimeth was down by 4.41 percent to close at 65 kobo, while Mobil depreciated by 4.06 per cent to close at N265 per share.
At the end of the day’s transactions volume of shares traded in 6584 deals declined 24 per cent.
Volume traded dropped to 573.6 million shares compared with 759 million shares traded previously, while value traded increased to N7.852 billion from N6.3 billion in Wednesday.
Access Bank was the toast of investors with 127.6 million shares traded worth N1.303 billion. Zenith Bank was next with 70.9 million shares valued at N1.597 billion and FBN Holdings exchanged 56.3 million worth N400.7 million.
GTB exchanged 51.4 million shares at N1.84 billion and UBA emerged the fifth most traded stock with 34.2 million shares valued at N305.6 million.
The Nigerian equities market appreciated for the second consecutive, recording an increase of 0.59 per cent in All-Share Index of the Nigerian Stock Exchange (NSE) and Market capitalisation on Thursday.
The growth was preceded by demand for banking stocks which led to the highest of 1.83 percent in the banking index. This was followed by consumer goods index which also appreciated 1.12 per cent following demand in Unilever that added 5.65 per cent in Thursday.
Consequently the ASI added 199.64 points and closed the day at 33,797.84. Market capitalisation that closed the day at N11.688 trillion added N70 billion, improving Year to Date returns to 25.8 per cent.
May and Baker for the third day in row led the gainers’ table, increasing by 9.79 per cent to close at N4.15 per share.
Skye Bank followed with a gain of 9.52 per cent to close at 69 kobo and Unilever gained 5.65 per cent to close at N43 per share.
UAC Prop appreciated by 5.00 percent to close at N2.94, while Fidson grew by five per cent to close at N3.15 per share.
On the other hand, Champion Breweries led the losers’ chart, dropping by 4.89 per cent to close at N3.11 per share.
Honey well Flour Mills trailed with a loss of 4.85 per cent to close at N2.16 and Jaiz Bank declined by 4.49 per cent to close at 85k per share.
Neimeth was down by 4.41 percent to close at 65 kobo, while Mobil depreciated by 4.06 per cent to close at N265 per share.
At the end of the day’s transactions volume of shares traded in 6584 deals declined 24 per cent.
Volume traded dropped to 573.6 million shares compared with 759 million shares traded previously, while value traded increased to N7.852 billion from N6.3 billion in Wednesday.
Access Bank was the toast of investors with 127.6 million shares traded worth N1.303 billion. Zenith Bank was next with 70.9 million shares valued at N1.597 billion and FBN Holdings exchanged 56.3 million worth N400.7 million.
GTB exchanged 51.4 million shares at N1.84 billion and UBA emerged the fifth most traded stock with 34.2 million shares valued at N305.6 million.
and then