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HomeBusinessNigeria's stock market close higher as index notches up by 0.20%

Nigeria’s stock market close higher as index notches up by 0.20%

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By Ifeyinwa Ezeokoli 


Activities in the domestic equities market resumed the week on a positive note as the All-Share Index notched a 0.20 per cent increase to close at 49,414.96 points.

 The positive performance was supported by bargain-hunting in BUA Foods and 13 other stocks.

Consequently, the month-to-date and year-to-date returns settled at 3.7 per cent and 15.7 per cent, respectively.

Also, investors gained N54 billion in value as market capitalisation went up to close at N26.915 trillion.

The upturn was impacted by gains recorded in medium and large capitalised stocks, amongst which are; BUA Foods, Guaranty Trust Holding Company (GTCO), Fidson Healthcare, International Breweries and Pharma-Deko Plc.

As measured by market breadth, market sentiment was positive with 14 gainers in relative to 10 losers. 

Thomas Wyatt Nigeria recorded the highest price gain of 8.77 per cent to close at 62k per share. 

International Breweries led the gainers’ chart in percentage terms with 5.81 per cent to close at N4.55 per share.

Pharma-Deko rose by five per cent to close at N2.10 per share.

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Living Trust Mortgage Bank appreciated by 4.90 per cent to close at N1.50, while Caverton Offshore Support Group appreciated by 3.45 per cent to close at 90k per share.

On the other hand, PZ Cussons Nigeria led the losers’ chart in percentage terms by 7.26 per cent to close at N11.50 per share.

Chams followed with 4.35 per cent to close at 22k, while UPDC Real Estate Investment Trust (UPDCREIT) lost 3.33 to close at N2.90 per share. 

FTN Cocoa processors lost 3.23 per cent to close at 30k, while Africa prudential shed 2.73 per cent to close at N5.35 per share.

However, the total volume traded declined by 26 per cent to 76.749 million units, valued at N1.33 billion and exchanged in 3,262 deals. 

Transactions in the shares of GTCO topped the activity chart with 16.606 million shares valued at N352.214 million. 

United Bank for Africa (UBA) followed with 7.59 million shares worth N55.94 million, while Chams traded 4.15 million shares valued at N914,632.

Consolidated Hallmark Insurance traded four million shares valued at N2.44 million, while Zenith Bank transacted 3.78 million shares worth N90.68 million.

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