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Nigerian Exchange Limited

Nigerian Equities Market Establishes Bullish Trend

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stock bull - Investors King

The equities market in Africa’s largest economy, Nigeria, extended its bullish trend on Thursday as the Exchange closed in the green amid rising renewed interest in the market.

Investors traded 158.366 million shares valued at N2.236 billion in 3,330 transactions during the trading hours of Thursday.

The Nigerian Exchange Limited All-Share Index gained 0.10 percent to close at 39,210.1 index points while the market value of all stocks grew to N20.437 trillion on Thursday.

The renewed interest followed weeks of bearish trends that trailed the market amid a broad-based profit-taking that encompasses the market after a prolonged bullish trend recorded in 2020 and Q1 2021 despite COVID-19.

Link Assurance led gainers with 9.09 percent to settle at N0.60 per share. This was followed by PZ’s 7.14 percent to close the day at N6 per share. See the details below.

Top Gainers

Symbols Last Close Current Change %Change
LINKASSURE N 0.55 N 0.60 0.05 9.09 %
PZ N 5.60 N 6.00 0.40 7.14 %
CHAMS N 0.20 N 0.21 0.01 5.00 %
MAYBAKER N 4.00 N 4.20 0.20 5.00 %
UNILEVER N 12.10 N 12.70 0.60 4.96 %

Top Losers 

Symbols Last Close Current Change %Change
CWG N 1.25 N 1.13 -0.12 -9.60 %
CHIPLC N 0.78 N 0.71 -0.07 -8.97 %
ABCTRANS N 0.40 N 0.37 -0.03 -7.50 %
WAPIC N 0.59 N 0.55 -0.04 -6.78 %
MBENEFIT N 0.46 N 0.43 -0.03 -6.52 %

Top Trades

Symbols Volume Value
ZENITHBANK 27323705.00 629220680.00
STERLNBANK 22023242.00 35086591.92
UBA 21687325.00 154234967.20
TRANSCORP 9154104.00 8153516.30
CHAMS 8320326.00 1679156.18

Is the CEO and Founder of Investors King Limited. He is a seasoned foreign exchange research analyst and a published author on Yahoo Finance, Business Insider, Nasdaq, Entrepreneur.com, Investorplace, and other prominent platforms. With over two decades of experience in global financial markets, Olukoya is well-recognized in the industry.

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