Business and Economy

Nigerian stock market All Share Index increase 0.58% on Thursday

The Nigerian stock exchange experienced continued bullish sentiment on Thursday, resulting in a 0.58% increase in the All Share index, which settled at 104,100.00 points. Despite losses in ZENITHBANK (-2.05%), GTCO (-0.38%), and DANGSUGAR (-4.66%), gains in BUACEMENT (+5.87%), BUAFOODS (+1.56%), and GEREGU (+6.47%) kept the market in positive territory. As a result, the year-to-date return rose to 39.22%, and the market capitalization increased by ₦329.25bn to close at ₦56.96trn.

Market activities experienced a decrease in trade turnover compared to Wednesday’s session, with the value of transactions down by 42.89%. A total of 284.49m shares valued at ₦6.91bn were exchanged in 8,168 deals. GTCO (-0.38%) led both the volume and value chart with 56.61m units traded in deals worth ₦2.22bn. UNILEVER (-9.80%) topped the laggard’s table among twenty-five others, while UPL (+9.96%) led twenty-two others on the leader’s log.

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