Business and Economy

Nigerian stock market gains gain with 0.2% rise in the All Share Index on Thursday

The Nigerian stock market maintained its market gains on Thursday with the All-Share Index rising by 0.2% to close at 71,025.16 points. As a result, the market is still on track for a weekly gain. The year-to-date (YTD) return increased to 38.58%, while market capitalization increased by 5.95 billion to close at 39.06 trillion.

Gains in MTNN (+0.21%), NB (+5.26%), and FLOURMILL (+0.31%) more than compensated for losses in ZENITHBANK (-0.74%), DANGSUGAR (-0.16%), and UBA (-0.48%). UPDC (-6.50%) led a group of twenty (20) laggards, while UNITYBNK (+9.18%) led a group of twelve (12) leaders

Trade turnover was lower than it was on Wednesday with the value of transactions falling by 28.93%. In 6,545 transactions, 483.85 million shares worth $4.38 billion were swapped. REGALINS (-2.78%) dominated the volume chart with 104.34m units, while OANDO (+1.30%) lead the value chart with 676.64m in trades.


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