See more as Nigeria stock market records 4th consecutive wins, investors happy

• Nigeria's banal marketplace for the 4th consecutive time improved connected Thursday arsenic investors shared billions aft trading
• During trading, Fidelity Bank, Access Holdings, Tantalizers, GTCO and First Holdo were actively traded stocks
• Vetiva Research analysts judge selective buying volition proceed arsenic capitalist sentiment remains positive

Legit.ng writer Dave Ibemere has implicit a decennary of business journalism acquisition with in-depth cognition of the Nigerian economy, stocks, and wide marketplace trends

Nigeria’s equities marketplace continued its upward inclination connected Thursday, May 8, closing successful the greenish for the 4th consecutive league this week.

Data shows that astatine the adjacent of trading connected the Nigerian Exchange Limited (NGX), the All-Share Index (ASI) roseate by 0.35% connected Thursday to adjacent astatine 109,231.96 points, which is higher than 109,000.19 points achieved connected Wednesday.

Nigeria's banal marketplace improves again Photo credit: NGX
Source: Getty Images

Market capitalisation besides rose, settling astatine N68.652 trillion compared to N68.507 trillion the erstwhile day. This indicates that investors booked a N145 cardinal summation connected Thursday.

This sustained momentum has pushed the market's play summation to 3.01%, portion the month-to-date instrumentality stands astatine 3.24%.

Year-to-date, the marketplace has present returned 6.13%, reflecting increasing capitalist assurance amid improving sentiment.

Snapshot of marketplace show connected Thursday

On Thursday, successful 16,704 deals, investors traded 554,069,040 shares worthy N14.347billion. Fidelity Bank, Access Holdings, Tantalizers, GTCO and First Holdo were actively traded stocks.

Stock marketplace records 4th consecutive time of gains Photo credit: Sean Anthony Eddy
Source: Getty Images

Here is simply a breakdown of marketplace show on Thursday.

Top gainers

• Livestock Feeds Plc: Gained N0.75 to adjacent astatine N8.35, up from N7.60 (+9.87%).
• Honeywell Flour Mills Plc: Gained N1.20 to adjacent astatine N13.45, up from N12.25 (+9.80%).
• Eunisell Interlinked Plc: Gained N0.95 to adjacent astatine N10.75, up from N9.80 (+9.69%).
• May & Baker Nigeria Plc: Gained N0.70 to adjacent astatine N7.95, up from N7.25 (+9.66%).
• Tantalizers Plc: Gained N0.22 to adjacent astatine N2.59, up from N2.37 (+9.28%).

Top losers

• Ikeja Hotel Plc: Lost N1.15 to adjacent astatine N10.70, down from N11.85 (-9.70%).
• Transcorp Plc: Lost N4.90 to adjacent astatine N46.90, down from N51.80 (-9.46%).
• FCMB Group Plc: Lost N0.75 to adjacent astatine N9.10, down from N9.85 (-7.61%).
• Caverton Offshore Support Group Plc: Lost N0.16 to adjacent astatine N2.60, down from N2.76 (-5.80%).
• ABC Transport Plc: Lost N0.08 to adjacent astatine N1.50, down from N1.58 (-5.06%).

Top traded stocks by volume

• Zenith Bank Plc: 42.15 cardinal shares traded, valued astatine N2.02 billion.
• Fidelity Bank Plc: 35.94 cardinal shares traded, valued astatine N624.73 million.
• Access Holdings Plc: 31.50 cardinal shares traded, valued astatine N746.90 million.
• United Bank for Africa Plc: 23.99 cardinal shares traded, valued astatine N897.80 million.
• Tantalizers Plc: 23.06 cardinal shares traded, valued astatine N59.18 million.

GTCO's stock terms rises to a caller level

Earlier, Legit.ng reported that the shareholders of Guaranty Trust Holding Co PLC smiled connected Tuesday arsenic its stock terms surged.

Data shows that astatine the closing of trading connected NGX, the stock terms of GTCO shares roseate by 4% connected Tuesday.

Capital market adept successful a chat with Legit.ng explained the show of the GTCO shares contempt societal media sentiments.

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Source: Legit.ng