Stock Market Lifted By N309bn In Single Day Trading

The Nigerian banal marketplace closed connected a affirmative enactment yesterday, with a summation of N309 billion, fueled by renewed capitalist appetite.

The All Share Index (ASI) gained 489.45 points, representing a maturation of 0.35 per cent, to adjacent astatine 142,036.23 points. Also, marketplace capitalisation roseate by N309 cardinal to adjacent astatine N89.865 trillion.

Gains recorded successful medium—and large-capitalised stocks impacted the upturn, including Aradel Holdings, Guinness Nigeria, Dangote Cement, First Holdco, and Chellarams.

Market sentiment was subdued, reflected by a antagonistic breadth, with 26 stocks advancing against 32 decliners. Chellarams recorded the highest terms gain, 9.77 per cent, to adjacent astatine N14.60 per share. Austin Laz & Company followed with a summation of 9.67 per cent to adjacent astatine N2.95, portion The Initiates Plc (TIP) was up by 8.08 per cent to adjacent astatine N12.97 per share.

Sovereign Trust Insurance grew by 7.37 per cent to adjacent astatine N3.06, portion Aradel Holdings roseate by 6.97 per cent to adjacent astatine N583.00 per share.

On the different hand, Guinea Insurance led the losers’ illustration by 9.70 per cent to adjacent astatine N1.49, per share. Cornerstone Insurance followed with a diminution of 8.68 per cent to adjacent astatine N6.52, portion Legend Internet declined by 7.27 per cent to adjacent astatine N5.10, per share.

Deap Capital Management & Trust depreciated by 7.06 per cent to adjacent astatine N1.58, portion Thomas Wyatt Nigeria declined by 6.49 per cent to adjacent astatine N2.45 per share.

Also, the full measurement precocious by 142.09 per cent to 1.005 cardinal units, valued astatine N24.655 billion, and exchanged successful 23,281 deals. Transactions successful the shares of Abbey Mortgage Bank topped the enactment illustration with 401.065 cardinal shares valued astatine N2.727 billion.

Fidelity Bank followed with 254.810 cardinal shares worthy N5.274 billion, portion United Bank for Africa (UBA) traded 23.221 cardinal shares valued astatine N1.095 billion.

First Holdco traded 22.529 cardinal shares valued astatine N699.630 million, portion Access Holdings sold 17.476 cardinal shares worthy N473.992 million.