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Nigerian Stock Advance Gains On Key Indices

By Chiamaka Okechukwu, Lagos

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Transactions in Nigeria’s equities market on Tuesday witnessed the bull dominating the activity chart.

The second trading session of the week ended with additional N52 billion made investors on market capitalisation amid bargain hunting and profit-taking.

The market cap inched up to N26.344 trillion higher than the N26.291 recorded on Monday.

Consequently, the NGX All-Share Index appreciated further by 0.2 percent, representing a 96.46 basis points to close at 48, 366.69 compared to Monday’s 48, 270.23.

At the end of day’s business, a total volume of 196,656 million units of shares that exchanged hands in 3,189 deals.

The market sentiment when measured by market was positive with 16 gainers and 14 losers.

On price gain, HonyFlour led the gainers list with am 8.06 percent gain on its share prices to close at N2.28k. CHAMPION followed with a 7.14 percent gain to close at N3.75k. Then ETI had an 4.98percent gain on its share price to close at N10.55k.

On the flipside, UPDC led the losers’ chart with a 7.07 percent loss on its share price to close at N0.92k followed by Wema Bank Plc which had a 6.12 percent loss to close at N3.22k and FTN Cocoa Processors had 3.33 percent loss  to close at N0.29k.

 

Confidence Okwuchi

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