Stock market gains N223bn

Trading activities on the Nigerian Stock Exchange, continued growth trend, appreciating by N223 billion.

Capital market operators said that the drcision of the Monetary Policy Committee to retain ratain all its policy instruments help restore confidence in the market and contributed largely to the recovery of the market.

They stated that MPC decision set to drive economic output and hasten recovery.

The NSE daily report showed that Market Capitalisation of listed equities increased by 1.24 per cent to N18.166 trillion from N17.943 trillion reported the previous day.

The Nigerian Stock Exchange All Share Index also appreciated by 428.44 basis points to 34769.00 from 34340.56 traded the previous day.

Investors traded 434.922 million shares valued at N6.913 billion in 7029 deals against 365.413 million shares worth N4.691 billion exchanged hands the previous day in 6325 deals.

An analysis of the transactions indicated that Airtel Africa Plc led gainers table during the day, increasing by N10.00 to close at N535.00, Dangote Cement followed with a gain of N5.20 kobo to close at N205.00, Flour Mills Nigeria Plc gained N2.50 kobo to close at N27.90 kobo, Julius Berger added N1.20 kobo to close at N18.50 kobo while Dangote Sugar Refinery Plc grew by N1.15 kobo to close at N20.65 kobo.

On the contrary, Cap Plc recorded the highest loss during the day, failing by N0.65 kobo to close at N21.50 kobo, International Breweries trailed with a loss of N0.40 kobo to close at N6.55 kobo, Oando Plc fell by N0.19 kobo to close at N2.71 kobo, Union Bank of Nigeria declined by N0.10 kobo to close at N5.80 kobo while Transexpress dipped by N0.09 kobo to close at N0.87 kobo.

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