Nigerian stocks climb extra, add N41 billion


Nigerian stocks rose extra on Thursday with the benchmark gauge along side 0.19 per cent, an affirmation of an increasing investor self belief available in the market.

The approach used to be precipitated by an honorable ask of for the shares of FBN Holdings, Champion Breweries, Seplat and Fidelity Monetary institution.

Substitute quantity improved by as noteworthy as 104 per cent when put next with that of Wednesday.

A determined market breadth used to be reported as there have been 21 gainers in opposition to 14 losers at the end of trade.

The all-half index jumped 78.79 facets, closing at 41,129.98, while market capitalisation closed decrease at N21.4 trillion.

one year up to now, the index is down by 2.13 per cent.


Champion Breweries led gainers, appreciating by 9.1 per cent to shut at N3.05. Africa Prudential went up by 7.81 per cent to N6.90. FBN Holdings rose to N11.75, notching up 7.31 per cent all the map by. Universal Insurance coverage added 4.76 per cent to end trade at N0.22. Chams performed the tip 5, climbing by 4.35 per cent to N0.24.


Chams led losers, declining by 10 per cent to shut at N1.26. ETI shed 8.16 per cent to shut at N6.75. WAPIC fell to N0.47, shedding 6 per cent. Linkage Assurance slumped to N0.57, recording 5 per cent depreciation. NEM closed at N1.93, going down by 4.46 per cent.

READ ALSO: Nigerian stocks rebound on surging ask of for monetary institution shares


A total of 908.1 million shares estimated at N11 billion had been in 5,151 deals.

FBN Holdings used to be basically the most active inventory, with 602.8 million items value N7.1 billion traded in 1026 deals. GTCO shares of 63.7 million items priced at N1.8 billion exchanged arms in 264 transactions. Champion Breweries had 37.7 million shares valued at N114.8 million traded in 190 deals. Universal Insurance coverage traded 21.9 million shares estimated at N4.6 million in 20 transactions. UBA traded 21.2 million shares valued at N176.7 million in 204 deals.

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