Nigerian stock market maintained the positive trend for the fourth trading session as the key market performance targets, All Share Index, ASI and market capitalization increased further by 1.05% each.
Today’s rise was affected by gains recorded in High Cap stocks such as Mobil, Zenith Bank, Guaranty Trust Bank, Unilever and BUACEMENT.
Market sentiment measured by market breadth closed positively, registering 29 winners against 9 losers. REDSTAREX for the second trading session recorded the highest exchange rate gain of 10.00% to close at N3.75 per share. Share.
Ther, The All Share Index rose 1.05% to close 24,758.39 index points against 24,452.23 points recorded yesterday, while market capitalization of shares valued at N159.55bn or 1.03% to close at N12 .902tn from N12,743tn as market sentiment remained in the green.
A turnover of 350.76 million shares valued at N3.70 trillion in 5,239 trades was noted in today’s trade. ZENITHBANK (+ 3.03%) completed the most active in today’s trading to increase market revenue by 57.4 million units with a value of N961.39 million.
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Sector development was largely positive as all sector indices increased. The industry index (+ 5.72%) was the best result of the day due to +9.88 price increase in BUACEMENT as earnings report hit the market on Monday.
The NSE Oil & Gas Index followed by winning 1.44% on the back of + 9.95% gain registered in MOBILE. As a result, the strengthening of FBNH (+ 3.88%), ZENITH BANK (+ 3.03%), WAPIC (+ 6.45%) and AIICO (+ 2.02%) stimulated the NSE Banking and Insurance Index to 1, respectively. , 41% and 0.97%. The Consumer Goods Index ended the day + 0.38% on the UNILEVER (+ 9.30%) price close.
BUACEMENT increased 9.88% to close at N35.6, MOBILE up 9.95% to close at N194.5, UNILEVER up 9.30% to close at N16.45, GUINNESS up 3.24% to close closing at N17.55, ZENITH BANK up 3.03% to close at N17