Market Halts Week-long Losing Streak As Index Appreciates By 1.22%

Trading activities on the Nigerian stock exchange decreased by 2.42% today as investors bought 353.80 million shares worth N4.15 billion, in 5,221.00 deals, compared to 362.56 million shares worth N3.86 billion, in 4846.00 deals exchanged on Friday. Guaranty Trust Bank Plc, Transcorp Plc and UBA Plc were the most actively traded stocks on the exchange today in terms of volume, while Guaranty Trust Bank Plc and Zenith Bank in terms of value.

The Nigerian Stock Exchanges-All Share Index appreciated by 1.22% (+464.92) to close at 38,662.65 from 38,197.73 attained on Friday. Market capitalisation also increased to 12.76 trillion from N12.61 trillion the previous trading day. The BGL 50 Index also followed suit with a 1.23% gain to close at 166.26 from 164.24, while the market capitalisation stood at N11.99 trillion from N11.85 trillion recorded on Friday.

A total number of 35 stocks gained on the bourse today while 19 stocks declined leaving 58 stocks unchanged. Ikeja Hotel Plc emerged the toast of investors as it appreciated by 10.03% to close at N3.18 kobo, followed by UBA Plc with a 9.07% gain to close at N5.77 kobo. Others on the gainers chart include Transcorp Plc, Oando Plc and Nascon Plc. On the flip side Cutix Plc topped the losers chart with 10.64% declines to close at N1.68 followed by May & Baker Nigeria Plc which declined by 5.00% to close at N1.71 kobo. Others on the losers table include PZ Cussons Nigeria Plc, Berger Paints Plc and Eterna Plc.

Topping the chart amongst the BGL 50 stocks was UBA Plc. which appreciated by 9.07% to close at N5.77 kobo, followed by Transcorp Plc with a 8.32% gain to close at N5.08. Others on the gainers chart include Oando Plc, Nascon Plc and FBN Holdings Plc. On the flip side P Z Cussons Nigeria Plc topped the losers chart with 4.98% declines to close at N28.82 followed by UPDC Plc which declined by 4.69% to close at N13.82 kobo. Others on the losers table include; Unilever Nigeria Plc, Forte Oil Plc and Sterling Bank Plc

Author: News Editor

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