Monday, September 25, 2023
HomeWorld NewsNigeria NewsNigeria equity market indices rallied further by 0.62%

Nigeria equity market indices rallied further by 0.62%

Some blue chips recorded further gains on the Nigerian Stock Exchange (NSE) on Thursday resulting in 0.62 per cent growth posted by market indicators.

Guinness led the gainers’ table for the day, gaining N2.13 to close at N72 per share.

Dangote Sugar followed with a gain of N1.25 to close at N14 and Nigerian Breweries gained N1.15 to close at N172.40 per share.

Guaranty Trust Bank added N1.01 to close at N40.01, while Flour Mills improved by 80k to close at N30 per share.

Consequently, the All-Share Index increased by 230.17 points or 0.62 per cent to close at 37,135.23 against the 36,905.06 posted on Wednesday.

Similarly, the market capitalisation rose by N79 billion or 0.62 per cent to close at N12.799 trillion against N12.720 trillion achieved on Wednesday.

On the other hand, Mobil Oil recorded the highest loss to lead the losers’ table, dropping by N8.65 to close at N232 per share.

May & Baker trailed with a loss of 11k to close at N2.09 and Cutix also depreciated by 11k to close at N2.09 per share.

Fidson Healthcare was down by 9k to close at N3, while NASCON also lost 9k to close at N11.50 per share.

Livestock Feeds was the most active for the day, trading 134.49 million shares worth N134.24 million.

It was trailed by Access Bank having accounted for 73.54 million shares valued at N735.51 million and GT Bank sold 49.90 million shares worth N1.95 billion.

Transcorp exchanged 23.42 million shares valued at N33.72 million, while Zenith Bank sold 18.12 million shares worth N456.03 million.

In all, a total of 412.12 million shares valued at N4.72 billion were exchanged by investors in 4,207 deals.

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