Nigerian stocks climb by N237 billion as mountainous-cap stocks enhance features


The all-half index jumped 454.40 functions to 41,704.11, whereas market capitalisation rose to N21.8 trillion on the pause of exchange.

Nigerian stocks developed by 1.1 per cent or N237.1 billion on Thursday as patrons continued to take dangle of a possibility-off stance in equities, helping to form a sure ambiance all the intention during the market as the earnings season shapes up progressively.

Drivers of Thursday’s features were fine all the intention through sectors as disparate as financial carrier, telecoms, industrial items and user items, with NGX Neighborhood, Airtel Africa, MTNN and Nigerian Breweries main the charge.

Market breadth, which gauges the stage of investor sentiment towards exchange, used to make sure as 23 gainers were recorded when put next to 19 laggards.

The all-half index jumped 454.40 functions to 41,704.11, whereas market capitalisation rose to N21.8 trillion on the pause of exchange.

The index has been up by 3.56 per cent between January and now.


Cutix favored by 10 per cent to N5.50. NGX Neighborhood added 9.79 per cent to total exchange at N23.55. Consolidated Hallmark went up by 9.09 per cent to N0.60.

Nigerian Breweries developed to N51.45, notching up 7.41 per cent within the technique. BUA Cement carried out the tip 5, hiking by 6.12 per cent to shut at N72.


The Initiates led laggards, declining by 8.51 per cent to N0.43. Neimeth shed 4.86 per cent to shut at N1.76.

Universal Insurance coverage fell to N0.20, shedding 4.76 per cent. NAHCO dipped to N3.47, recording 3.61 per cent depreciation. Cohesion Financial institution closed at N0.55, going down by 3.51%.


Altogether, 216.2 million shares estimated at N10.216 billion were traded on the present time in 6,703 deals.

FBN Holdings used to be the most provocative stock, with 51.9 million gadgets of its stocks rate N628.3 million traded in 454 deals. ETI traded 20 million shares priced at N143.7 million in 106 transactions.

Transcorp seen 14.6 million gadgets of its shares, valued at N15 million exchange hands in 128 deals. Secure entry to traded 13 million shares estimated at N124.2 million in 171 transactions. Constancy traded 12.5 million shares valued at N34.2 million in 135 deals.

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