Investors smile as stocks experience 0.36% price gain

Nigerian stocks continued to rise as the benchmark index finished 0.36% higher to close at 59,323.95 points. As a result the ASI’s year-to-date (YTD) return climbed rising to 15.75%, and the market capitalization increased by N116.49 billion to close at N32.30 trillion.

The market remained positive as long as demand for DANGCEM (+0.07%), BUACEMENT (+4.65%), and STANBIC (+1.98%) offset declines in ZENITHBANK (-0.78%), GEREGU (-5.45%), and GTCO (-0.93%).

Trade turnover was lower than it had been during the previous session, with a 31.84% decrease in transaction value. 7,806 transactions involving 643.03 million shares worth N6.11 billion were completed.

GTCO (-0.93%), with 44.86m units traded in transactions totaling N1.44bn, topped the volume and value charts. On the leader’s log, NEIMETH (+9.88%) outperformed 27 other competitors, while JAIZBANK (-10.00%) outperformed 15 other competitors.