Market gains N205bn, index rises by 2.14%

Market gains N205bn, index rises by 2.14%

Market gains N205bn, index rises by 2.14%

The stock market gained additional N205bn on Thursday after 32 firms made the gainers’ chart. The Nigerian Stock Exchange All-Share Index, therefore, appreciated by 2.14 per cent at the close of trading on the Exchange’s floor.

The NSE market capitalisation soared to N9.784tn from N9.579tn, while the index rose to 28,489.89 basis points from 27,891.96 basis points.

An aggregate of 618.248 million shares valued at N5.41bn were traded in 6,757 deals.

The highest index point attained in the course of trading was 28,489.89 basis points, while the lowest and average index points stood at 27,034.05 and 27,550.38 basis points, respectively.

The stocks of Champion Breweries Nigeria Plc, Unity Bank Plc, Lafarge Africa Plc, Wema Bank Plc and Nigerian Breweries Plc emerged as the top five gainers.

The shares of Champion Breweries appreciated by N0.30 (9.87 per cent) to close at N3.34 from N3.04, while those of Unity Bank gained N0.09 (8.33 per cent) to close at N1.17 from N1.08.

Similarly, Lafarge (WAPCO) shares soared to N83.91 from N78.88, gaining N5.03 (7.29 per cent), while Wema Bank shares appreciated by N0.05 (6.33 per cent) to close at N0.84 from N0.79.

In the same vein, Nigerian Breweries share price recorded a N8.01 (5.99 per cent) appreciation to close at N141.76 from N133.75.

Other gainers were Oando Plc, Cement Company of Northern Nigeria Plc, Zenith Bank Plc, Ikeja Hotel Plc, Axa Mansard Insurance Plc, Neimeth International Pharmaceuticals Plc, Custodian and Allied Plc, Continental Reinsurance Plc, Livestock Feeds Plc, Caverton Offshore Support GRP Plc, Dangote Sugar Refinery Plc, FBN Holdings Plc, Guaranty Trust Bank Plc, Cadbury Nigeria Plc, among others.

On the other hand, 15 stocks recorded losses in their prices. Glaxo Smithkline Consumer Nigeria Plc, Learn Africa Plc, NPF Microfinance Bank Plc, Africa Prudential Registrars Plc and Unilever Nigeria Plc emerged the top five losers.

Other losers were NEN Insurance Company Nigeria Plc, May & Baker Nigerian Plc, PZ Cussons Nigeria Plc, Fidson Healthcare Plc, Vitafoam Nigeria Plc, Diamond Bank Plc, Guinness Nigeria Plc, Tiger Branded Consumer Goods Plc, Union Bank of Nigeria Plc and Access Bank Plc.

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