Nigerian stock market ends week on positive note as investors gain N344bn

The Nigerian banal marketplace sustained its bullish tally arsenic investors raked successful N344 cardinal successful gains to end the week on a affirmative note.

This was the case, arsenic information from Nigerian Exchange Limited connected Friday showed that marketplace capitalization accrued by 0.22 percent, adding N344 cardinal to investors’ portfolios arsenic the marketplace opened astatine N159.733 trillion and closed higher astatine N160.077 trillion.

Similarly, the All-Share Index (ASI) roseate by 0.22 percent, advancing by 536.98 points to adjacent astatine 249,712.37, compared to 249,175.39 recorded on Thursday.

Consequently, the year-to-date (YTD) instrumentality roseate to 60.47 percent arsenic the marketplace breadth besides closed affirmative with 30 gainers and 27 losers.

On a gainers’ chart, the Aluminum Extrusion Industry and Daar Communications led by 10 percent each, finishing astatine N9.90 and N2.09 per share, respectively. Also, RT Briscoe gained by 9.93 percent, closing astatine N14.06; Learn Africa accrued by 9.79 percent, ending the league astatine N12.90; and Red Star Express grew by 9.56 percent, settling astatine N34.95 per share.

On the flipside, Trans-Nationwide Express led the losers’ illustration by 9.92 percent, ending the league astatine N5.72; Livestock Feeds trailed by 9.64 percent, settling astatine N8.90; and The Initiates shed 8.65 percent, finishing astatine N33.80 per share. Foll...