Stock Market Stays Upbeat, Gains N171bn

The Nigerian banal marketplace yesterday sustained the bullish trend, with the wide capitalisation expanding by N171 billion.

The All Share Index (ASI) gained by 268.98 points, representing a maturation of 0.19 per cent to adjacent astatine 142,979.46 points. Also, marketplace capitalisation gained N171 cardinal to adjacent astatine N 90.752 trillion.

The upturn was impacted by gains recorded successful mean and ample capitalised stocks, amongst which are; PZ Cussons Nigeria, Eterna, MTN Nigeria Communications (MTNN), Guaranty Trust Holding Company (GTCO) and Custodian Investment.

On marketplace outlook, Afrinvest Limited stated that “we expect a bullish adjacent tomorrow, barring immoderate antagonistic triggers.”

PZ Cussons Nigeria recorded the highest terms summation of 10 per cent to adjacent astatine N37.95, per share. Eterna followed with a summation of 9.94 per cent to adjacent astatine N37.05, portion Champion Breweries roseate by 9.82 per cent to adjacent astatine N15.10, per share.

Tantalizer appreciated by 5.96 per cent to adjacent astatine N2.49, portion AIICO Insurance  roseate by 5.43 per cent to adjacent astatine N3.69, per share.

On the different hand, R.T. Briscoe (Nigeria) led the losers’ illustration by 9.89 per cent to adjacent astatine N3.37, per share. Thomas Wyatt Nigeria followed with a diminution of 9.82 per cent to adjacent astatine N3.58, portion Sovereign Trust Insurance declined by 9.33 per cent to adjacent astatine N2.72, per share.

International Energy Insurance depreciated by 7.78 per cent to adjacent astatine N3.08, portion Berger Paints declined by 7.18 per cent to adjacent astatine N36.20, per share.

Also, the full measurement traded roseate importantly by 402.5 per cent to 6.233 cardinal units, valued astatine N54.452 billion, and exchanged successful 32,682 deals. Transactions successful the shares of Cornerstone Insurance topped the enactment illustration with 5.448 cardinal shares valued astatine N25.063 billion. United Bank for Africa (UBA) followed with 152.135 cardinal shares worthy N6.543 billion, portion Wema Bank traded 152.048 cardinal shares valued astatine N2.516 billion.

First Holdco traded 111.798 cardinal shares valued astatine N3.487 billion, portion Zenith Bank sold 47.091 cardinal shares worthy N3.266 billion.