Investors’ demand drives Nigerian stocks up 0.10%

The Nigerian stock market sustained a bullish momentum on Thursday as the All-share Index rose by 0.10 per cent to close at 39,210.10 points.

At the close of the day’s trading session, the market capitalisation stood at N20.44tn as investors marginally gained N20.41bn.

The year-to-date loss of the ASI fell to -2.63 per cent, as the gainers chart showed 19 stocks appreciated against 15 stocks that declined.

Linkage Assurance led the gainers table, appreciating by 9.09 per cent or N0.05 to close at N0.60.

Unilever Nigeria, PZ Cussons Nigeria, Fidelity Bank, May & Baker Nigeria, and Zenith Bank also increased their share prices by 4.96 per cent, 7.14 per cent, 0.88 per cent, 5 per cent and 0.65 per cent amid investors’ demand.

Two of the five indices tracked closed in positive territory, while others moved in mixed directions.

The banking and consumer goods indices rose by 0.52 per cent and 0.44 per cent, while the insurance and industrial indices fell by 1.04 per cent and 0.01 per cent respectively. However, the oil and gas index closed flat.

Trading activity was weak as total volume and value of stock traded fell.

The day’s trading session saw the total volume of stocks fall by 12.76 per cent to 158.36 million units, valued at N2.24bn in 3,330 deals.

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

Get in Touch


Please enter your comment!
Please enter your name here

Related Articles