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HomeBusinessNigeria's equities gain 0.71%, lifted by gains in UBA, Stanbic, others

Nigeria’s equities gain 0.71%, lifted by gains in UBA, Stanbic, others

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By Samuel Bankole

Nigeria’s equities rose 0.71 percent, driven by gains in the stocks of Stanbic IBTC, Transcorp Hotel, United Bank for Africa (UBA), International Breweries, and United Capital.

The shares in Stanbic IBTC rose 9.58 percent at the trading session, with International Breweries at 8.93 percent, United Bank for Africa (UBA) at 8.51 percent, International Breweries at 7.87 percent, and United Capital at 2.31 percent.

Consequently, the local bourse main index, the All Share Index, increased by 0.71 percent to close at 67,877.17 points on Monday.

The market cap of equities listed on the NGX increased to N37.150 trillion from N36.886 trillion at the previous close.

The total volume traded closed with an exchange of 515.280 million units valued at N8.93 billion, traded in 8,357 deals.

The market breadth was positive, with 29 gainers as against 26 losers.

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The NGX 30 Index increased by 0.93 percent to close at 2,504.96 points, as against 2,481.80 points at the previous close.

Market turnover closed with a traded volume of 296.85 million units. Stanbic IBTC and Transcorp Hotels were the key gainers, while Fidelity and FBNH were the key losers.

Nigeria’s equities rose 0.71 percent, driven by gains in the stocks of Stanbic IBTC, Transcorp Hotel, United Bank for Africa (UBA), International Breweries, and United Capital.

The shares in Stanbic IBTC rose 9.58 percent at the trading session, with International Breweries at 8.93 percent, United Bank for Africa (UBA) at 8.51 percent, International Breweries at 7.87 percent, and United Capital at 2.31 percent.

Consequently, the local bourse main index, the All Share Index, increased by 0.71 percent to close at 67,877.17 points on Monday.

The market cap of equities listed on the NGX increased to N37.150 trillion from N36.886 trillion at the previous close.

The total volume traded closed with an exchange of 515.280 million units valued at N8.93 billion, traded in 8,357 deals.

The market breadth was positive, with 29 gainers as against 26 losers.

The NGX 30 Index increased by 0.93 percent to close at 2,504.96 points, as against 2,481.80 points at the previous close.

Market turnover closed with a traded volume of 296.85 million units. Stanbic IBTC and Transcorp Hotels were the key gainers, while Fidelity and FBNH were the key losers.

(Edited by Oludare Mayowa; omayowa@globalfinancialdigest.com; Newsroom: +234 8033 964 138)

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