The domestic equities market extended positive growth on Thursday with the key indices appreciating further by 0.13 per cent.<\/p>\n\n\n
Specifically, the All-Share Index rose by 50.44 points or 0.13 per cent to close at 38,615.11 compared with 38,564.70 posted on Wednesday.<\/p>\n\n\n
Accordingly, month-to-date gain increased to 0.5 per cent, while year-to-date loss moderated to 4.1 per cent.<\/p>\n\n\n
Also, the market capitalisation garnered N26 billion or 0.13 per cent to close at N20.125 trillion.<\/p>\n\n\n
The market upturn was driven by price appreciation in large and medium capitalised stocks amongst which are; Nigerian Breweries, Berger Paints, Guaranty Trust Bank, Champion Breweries and UACN.<\/p>\n\n\n
The market sentiment closed positive with 18 gainers\u2019 against to eight laggards.<\/p>\n\n\n
Champion Breweries led the gainers\u2019 chart in percentage terms with 10 per cent to close at N1.98 per share.<\/p>\n\n\n
Wapic Insurance followed with 9.43 per cent to close at 58k, while Lasaco Assurance was up by 7.91 per cent to close at N1.50 per share.<\/p>\n\n\n
Berger Paints Nigeria rose by 7.69 per cent to close at N7.70, while Mutual Benefits Assurance gained 6.52 per cent to close at 49k per share.<\/p>\n\n\n
Conversely, Consolidated Hallmark Insurance drove the losers\u2019 chart in percentage terms by 8.96 per cent to close at 61k per share.<\/p>\n\n\n
Unity Bank followed with 3.51 per cent to close at 55k, while Sterling Bank shed 1.91 per cent to close at N1.54 per share.<\/p>\n\n\n
International Breweries dipped 1.82 per cent to close at N5.40, while Linkage Assurance shed 1.79 per cent to close at 56k per share.<\/p>\n\n\n
Meanwhile, the total volume of shares transacted decreased by 47.0 per cent as investors bought and sold 160.44 million shares valued at N1.39 billion exchanged in 3,260 deals.<\/p>\n\n\n
This was in contrast with a turnover of 302.72 million shares worth N2.81 billion achieved in 4,387 deals on Wednesday.<\/p>\n\n\n
Transactions in the shares of Wema Bank topped the activity chart with 27.24 million shares valued at N15.003 million.<\/p>\n\n\n
Mutual Benefits Assurance followed with 21.393 million shares worth N10.51 million, while Zenith Bank traded 16.27 million shares valued at N382.13 million.<\/p>\n\n\n
Sterling Bank traded 12.29 million shares valued at N18.84 million, while FBN Holdings transacted 7.92 million shares worth N57.12 million.<\/p>\n\n
The domestic equities market extended positive growth on Thursday with the key indices appreciating further by 0.13 per cent. Specifically, the All-Share Index rose by 50.44 points or 0.13 per cent to close at 38,615.11 compared with 38,564.70 posted on Wednesday. Accordingly, month-to-date gain increased to 0.5 per cent, while year-to-date loss moderated to 4.1 […]<\/p>\n","protected":false},"author":1,"featured_media":25954,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[126],"tags":[210],"class_list":["post-31299","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-trade-and-industry","tag-stock-market","has-post-title","has-post-date","has-post-category","has-post-tag","has-post-comment","has-post-author",""],"yoast_head":"\n