Bulls maintain grip as index rises 0.11%   

Toyin Ajadi, Lagos

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The bullish trend on the Nigerian Exchange continued for the third consecutive day on Thursday as the market indices rose by 0.11% or 41.6 points to close at 39,490.46 points as against 39,449.46 points at the close of trade on Wednesday.

Similarly, the market capitalisation appreciated by N21 billion to close higher at N20.574 trillion compared to N20.553 trillion on Wednesday.

Investors traded 570.20 million shares worth N2.28 billion in 3,764 deals.

The market sentiment was however negative on Thursday as it recorded eight gainers and 24 losers at the close of trade.

Honeywell Flourmill led the gainers chart with share price appreciation of N0.17k to close at N1.87k. Next was Wema Bank with N0.03k gain to close at N0.79k and Flour Mills Nigeria with N0.90k gain to close at N29.90k.

On the other hand, Skye shelter fund led the losers chart having lost N6.85k to close at N61.75k, Then Tripple Gee and Co was next with N0.09k loss to close at N0.88k , followed by Regency Alliance Insurance Company with N0.04k loss to close at N0.43k.

Honeywell Flour mill recorded the highest volume of shares for the day at 384 million shares followed by Vitafoam Nigeria with N21.4 million shares.

 

Nneka Ukachukwu

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