Business and Economy

Investors in the stock market reap more gains as ASI rises 0.22% on Thursday

investors in the Nigerian stock market continued to reap gains as the All-Share Index rose by 0.22% on Thursday to close at 72,455.83 points. As a result, the market is still expected to rise for another week. As a result, the market capitalization increased by ₦85.39bn to end at ₦39.65trn, and the year-to-date (YTD) return increased to 41.37%.

Losses in ETI (-0.44%), NB (-1.75%), and INTBREW (-1.11%) were countered by buying activity in DANGSUGAR (+0.61%), ZENITHBANK (+1.92%), and UBA (+2.50%).

Trade turnover ended up being smaller than it was during Wednesday’s trading session with a 10.16% decrease in transaction value. 6,845 transactions totaling 446.58 million shares valued at ₦7.26 billion were completed. ACCESSCORP (+3.40%) topped the value and volume charts, trading 77.25 million units in deals valued at ₦1.76 billion. RTBRISCOE (-9.84%) led twenty-four (24) others on the laggard’s log, while INFINITY (+9.83%) topped twenty-five (25) others on the leader’s table.

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