Nigerian Exchange Limited
Nigerian Equities Market Establishes Bullish Trend
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 |