Nigerian stock market sustains rally as investors gain N20bn

The Nigerian equities marketplace extended its bullish tally to a 3rd consecutive league connected Thursday, with investors gaining N20 cardinal successful marketplace value.

Market capitalization astatine the Nigerian Exchange Limited roseate marginally from N128.977 trillion to N128.997 trillion, reflecting a 0.02 percent increase.

In the aforesaid vein, the All-Share Index (ASI) climbed by 32.14 points, oregon 0.02 percent, to adjacent astatine 200,957.89, compared to 200,925.75 successful the erstwhile session.

The year-to-date instrumentality improved to 29.14 percent, though marketplace breadth remained negative, with 36 decliners outweighing 30 advancers.

On the gainers’ table, Premier Paints and Zichis Agro Allied Industries topped the illustration with 10 per cent gains each, closing astatine N34.10 and N12.54 per share, respectively.

They were followed by Legend Internet, John Holt, and McNichols.
Conversely, University Press led the losers with a 9.17 percent driblet to adjacent astatine N5.45 per share.

Other laggards included Sunu Assurances, Veritas Kapital Assurance, FTN Cocoa Processors, and NGX Group.
Trading enactment strengthened during the session, arsenic full measurement roseate by 26.05 per cent to 678.13 cardinal shares, valued astatine N33.14 cardinal crossed 42,222 deals.

Access Corporation recorded the highest traded volume, with 134.59 cardinal shares, accounting for 19.85 percent of full transactions. Meanwhile, MTN Nigeria dominated successful ...