Nigerian equities made a notable recovery yesterday, putting an end to five consecutive sessions of losses, as investors showed increased interest in NASCON Allied Industries and 30 other companies.....KINDLY READ THE FULL STORY HERE▶
The All-Share Index (ASI) recorded a gain of 75.16 points, representing a 0.12 per cent increase, and closed at 64,267.36 points. Additionally, the overall market capitalization rose by N41 billion to reach N34.973 trillion.
The positive upswing was driven by the price appreciation in several large and medium capitalised stocks, including BUA Foods, Dangote Sugar Refinery, Skyway Aviation Handling Company, Lafarge Africa, and Nigerian Breweries….CONTINUE READUNG
With 31 stocks gaining and 26 losing, market breadth reflected a positive sentiment. Abbey Mortgage Bank, Chams Holding Company, and NASCON Allied Insurance were among the top gainers, each closing at 10 per cent higher. Meanwhile, Thomas Wyatt Nigeria and The Initiates Plc (TIP) were the top losers, declining by 10 per cent each.
The total trading volume decreased by 56.60 per cent to 330.784 million units, valued at N4.270 billion, exchanged in 6,251 deals.
Transnational Corporation (Transcorp) dominated the activity with 58.829 million shares worth N209.187 million, followed by FBN Holdings (FBNH) with 27.951 million shares valued at N502.760 million, and Ecobank Transnational Incorporated (ETI) with 21.303 million shares valued at N330.246 million.
