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Nigerian Stock Exchange claws back N43bn

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Nigerian Stock Exchange claws back N43bn

Local equities rebounded on resumed bargain hunting activities, as overall performance measures, NSE All Share Index (ASI) grew by 0.37 per cent, halting the previous day’s loss. The bullish activities were driven by consumer goods and financial services stocks,which were highly demanded. At the close of business, 19 stocks appreciated, while 15 others declined.

Consequently, the All-Share Index gained 120.2 basis points or 0.37 per cent to close at 32,228.50 basis points as against 32.108.30 recorded the previous day, while the market capitalisation of equities appreciated by N43 billion to close at N11.765 trillion from N11.722 trillion. Meanwhile, a turnover of 200.1 million shares exchanged in 2,639 deals was recorded in the day’s trading.

Premium sub-sector was the most active (measured by turnover volume) with 116.1 million shares exchanged by investors in 665 deals. Volume in the sub-sector was largely driven by activities in the shares of Access Bank Plc and FBNH Plc. Other financial services sub-sector boosted by activities in the shares of FCMB Plc and African Prudential Plc followed with a turnover of 19.5 million shares in 234 deals. Further analysis of the day’s trading showed that Unity Bank Plc topped the day’s gainers’ table with 9.23 per cent to close at 71 kobo per share, while UBN Plc followed with 8.16 per cent to close at N5.30 per share.

First Aluminum Nigeria Plc added 6.06 per cent to close at 35 kobo per share. On the flip side, CCNN Plc led the losers’ with a drop of 9.38 per cent to close at N18..25 per share, while Pharma Deko Plc shed 9.52 per cent to close at N1.52 per share. Flour Mills Plc plunged by 9.23 per cent to close at N15.25 per share.

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  1. Pingback: Nigerian Stock Exchange claws back N43bn – Naija Curator

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