Bulls maintain hold on Nigeria’s bourse market 

Equities market sustained its northward movement for the third trading session as the Nigerian Stock Exchange All-Share Index advanced by 0.83 per cent to close at 41,930.73 points.

Also, the market capitalisation rose by 0.83 per cent to gain N180.77bn, closing the day trading with N21.93tn.

The NSE recorded 35 gainers as against 21 losers amid positive investors’ sentiment. Hence, the year-to-date gain of the NSE ASI increased to 4.12 per cent.

Notably, investors continued to position ahead of the earnings release in bellwether stocks such as Airtel Africa Plc, MTN Nigeria Communications Plc, Lafarge Africa Plc, and Zenith Bank Plc.

The sectoral performance was bullish as four out of five indices, banking, insurance, consumer goods, and industrial, tracked closed in green.

The NSE Industrial index led the gainers’ table with N10.72bn. Insurance, banking, and consumer goods indices gained N3.72bn, N1.29b, and N1.25bn, respectively.

On the flip side, investors lost N31m as the NSE oil and gas index moderated by 0.12 per cent.

Meanwhile, activity in the market has remained upbeat as total deals, volume, and value of stocks traded rose.

The total volume of trades rose by 16.18 per cent to 0.54bn units, valued at N7.33bn, and exchanged in 6,770 deals.

Ehime Alex
Ehime Alex
Ehime Alex reports the Capital Market, Energy, and ICT. He is a skilled webmaster and digital media enthusiast.

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