37 Stocks Drive Market Up By N360bn

The Nigerian banal marketplace ended yesterday’s trading league higher by N360 billion, driven by terms upticks successful Aradel Holdings Plc and 36 others.

The All Share Index (ASI) gained 569.25 points, representing a maturation of 0.41 per cent, to adjacent astatine 140,365.36 points. Also, marketplace capitalisation roseate by N360 cardinal to adjacent astatine N88.813 trillion.

The upturn was impacted by gains recorded successful mean and ample capitalised stocks, amongst which are; Aradel Holdings, Lafarge Africa, Dangote Cement, Unilever Nigeria and Berger Paints.

Market sentiment stayed robust, arsenic indicated by a affirmative breadth with 37 stocks advancing compared to 26 decliners. Chellarams and FTN Cocoa Processors recorded the highest terms summation of 10 per cent each to adjacent astatine N12.10 and N5.94 respectively, portion Berger Paints followed with a summation of 9.86 per cent to adjacent astatine N39.00, per share.

Sunu Assurance appreciated by 8.91 per cent to adjacent astatine N5.99, portion Livestock Feeds up by 8.11 per cent to adjacent astatine N8.00, per share.

On the different hand, May & Baker Nigeria led the losers’ illustration by 9.97 per cent to adjacent astatine N16.25, per share. Union Dicon Salt followed with a diminution of 9.72 per cent to adjacent astatine N9.75, portion C&I Leasing declined by 7.69 per cent to adjacent astatine N6.00, per share.

Thomas Wyatt Nigeria depreciated by 7.04 per cent to adjacent astatine N2.51, portion Deap Capital Management & Trust declined by 6.52 per cent to adjacent astatine N1.72, per share.

Also, the full measurement traded roseate 16.47 per cent to 767.726 cardinal units, valued astatine N40.642 billion, and exchanged successful 24,837 deals. Transactions successful the shares of FCMB Group topped the enactment illustration with 287.768 cardinal shares valued astatine N3.108 billion. Nigerian Breweries followed with 50.458 cardinal shares worthy N3.532 billion, portion Aradel Holdings traded 43.432 cardinal shares valued astatine N23.009 billion.

Access Holdings traded 40.278 cardinal shares valued astatine N1.059 billion, portion Zenith Bank sold 29.059 cardinal shares worthy N1.917 billion.