Business and Economy

Nigerian stock market investors gain ₦25.42bn as the All-Share Index rose 0.07% on Thursday.

The Nigerian stock market All-Share Index rose by 0.07% today to close at 70,819.58 points, up 0.07%. Consequently, the market capitalization increased by ₦25.42bn to end at ₦38.91trn, and the year-to-date (YTD) return increased to 38.18%.

ZENITHBANK (-0.45%), STANBIC (-0.07%), and DANGSUGAR (-0.32%) losses were countered by gains in Tier 1 banking stocks, GTCO (+0.56%), UBA (+0.24%), and FBNH (+3.36%). As a result, the market is still expected to rise for a week. On the laggard’s log, VFDGROUP (-10.00%) was ahead of nineteen (19) others, and on the leader’s table, UPDC (+9.91%) was ahead of fourteen (14) others.

Trade turnover settled at a greater level than it did in the previous session with a 71.44% increase in transaction value. 6,169 deals totaling 569.19 million shares, valued at ₦16.79 billion, were exchanged. With 113.96 million units exchanged, JAPAULGOLD (+9.58%) topped the volume chart, while STANBIC (-0.07%) topped the value list with transactions totaling ₦6.78 billion.

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