Business and Economy

Stock Market Investors Continue to Reap profits as ASI gains 2.04% on Thursday

Stock market investors continue to reap profits as ASI gains 2.04% on Thursday to settle at 91,896.97 points. As a result, the year-to-date return also rose to 22.90%, and the market capitalization gained ₦1.01trn, closing at ₦50.29trn.

Despite losses in ZENITHBANK, GTCO, and UBA, sustained buying interest in DANGCEM, BUACEMENT, and MTNN kept the market in positive territory.

Today’s market activities analysis revealed a higher trade turnover compared to the previous session, with transaction value increasing by 17.78%. A total of 1.14bn shares, valued at ₦19.29bn, were exchanged in 17,804 deals. TRANSCORP led both the volume and value chart, with 156.62m units traded, worth ₦2.96bn.

IKEJAHOTEL topped the list of laggards, along with 41 others, while ETERNA led 30 other stocks on the laggard’s log.

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