Business and Economy

Investors on the Nigerian stock gain N26.87 billion on Thursday

Investors on the Nigerian stock market gained on Thursday as the All-Share Index increased by 0.07% to settle at 71,052.85 points. As a result the market capitalization climbed by ₦26.87bn to conclude at ₦39.07trn while the ASI’s year-to-date (YTD) return improved to 38.64%.

Demand from market leaders OANDO (+2.13%), GTCO (+1.96%), and ZENITHBANK (+0.30%) was enough to keep the market positive. Nevertheless, the market is still expected to end the week in the red. ELLAHLAKES (-9.89%) led seventeen (17) others on the laggard’s table, while BETAGLAS (+10.00%) led thirty-three (33) others on the leader’s log

Trade turnover ended up being smaller than it was on Wednesday with a 53.32% decrease in transaction value. 6,579 transactions totaling 563.71 million shares, valued at ₦3.44 billion, were completed. With 164.30 million units traded, UNIVINSURE (+8.33%) led the volume chart, and ZENITHBANK (+0.30%) headed the value chart with deals totaling ₦694.17 million.


Leave a Reply