Nigerian Stock Market Gains N205bn

market trend

Nigerian Stock Market Gains N205bn


Nigerian stock market gained N205 billion on Thursday after 32 firms made the gainers chart.

The Nigerian Stock Exchange All-Share Index jumped 2.14 percent to 28,489.89 basis points from 27,891.96 basis points, while the Nigeria Stock Exchange market capitalization rose to N9.74tn from N9.57tn.

A total of 618.248 million shares valued at N5.41 billion were traded in 6,757 transactions.

The highest point level attained during the course of trading was 28,489.89 basis points, while the lowest was 27,034.05 basis points.

The stocks of Champion Breweries Nigeria Plc, Unity Bank Plc, Lafarge Africa Plc, Wema Bank Plc and Nigerian Breweries Plc emerged as the top five gainers.

The shares of Champion Breweries appreciated by N0.30 (9.87 per cent) to close at N3.34 from N3.04, while those of Unity Bank gained N0.09 (8.33 per cent) to close at N1.17 from N1.08.

Similarly, Lafarge (WAPCO) shares soared to N83.91 from N78.88, gaining N5.03 (7.29 per cent), while Wema Bank shares appreciated by N0.05 (6.33 per cent) to close at N0.84 from N0.79.

In the same vein, Nigerian Breweries share price recorded a N8.01 (5.99 per cent) appreciation to close at N141.76 from N133.75.

About the Author

Samed Olukoya
CEO/Founder Investors King Ltd, a foreign exchange research analyst, contributing author on New York-based Talk Markets and, with over a decade long experience in the global financial market. Contact Samed on Twitter: @sameolukoya; Email: [email protected]

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