Investors sustain bullish trend with N34b gain
By Toyin Ajadi, Abuja
Gains recorded on the Nigerian equities market on Wednesday were sustained on Thursday as the market capitalisation rose by N34 billion to close at N20.092 trillion.
Similarly, the all share index increased by 0.17% or 65.72 points to close at 38,548.24 points amid sustained bullish momentum even as the market sentiment also closed positive with 19 gainers and 16 losers.
At the end of the day’s trading, a total of 249,686,073 shares with market value of N1.875 were traded in 3,524 deals. UPL led the gainers with N0.14k price appreciation to close at N1.54k.
It was followed by Berger paints with N0.60k gain to close at N6.70k,then John Holt with 0.05k gain to close at N0.58k.
On the other hand, CWG came out last with a price loss of 0.18k to close at N1.69k,followed by UBN which lost N0.40k to close at N5.55k and Sovrenins lost 0.02k to close at N0.28k.
Sovrenins had the highest volume of traded shares on Thursday as it traded 35.5 million shares followed by Zenith Bank with 27.5 million shares.