Business and Economy

Nigerian stock market continues positive performance with 0.57% gain on Thursday

The Nigerian stock market continued the positive performance as the All Share index gained 0.57% to close at 102,149.93 points. As a result, the market is poised for another week of gains. The year-to-date return increased to 36.61%, and the market capitalization gained ₦316.75bn to close at ₦55.90trn.

The market was driven by buying interests in SEPLAT (+10.00%), ZENITHBANK (+1.42%), and GTCO (+2.46%), which outweighed the selloffs in TRANSCOHOT (-1.20%), FBNH (-1.17%), and NB (-1.25%).

Today’s market activities analysis revealed a higher trade turnover compared to the previous session, with the value of transactions increasing by 28.19%. A total of 504.19m shares valued at ₦10.30bn were exchanged in 12,235 deals. UBA (+1.34%) led both the volume and value chart, with 74.88m units traded worth ₦2.25bn. SEPLAT (+10.00%) emerged as the top gainer among thirty-one (31) others on the leader’s table, while IKEJAHOTEL (-9.91%) led twenty-five (25) others on the laggard’s log.

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