Stock market sustains bull run, gains N109bn

Stock market sustains bull run, gains N109bn

Equity market yesterday continued its upward movement, closing higher as the composite All Share Index increased by 207.36 basis points.

The NSE All Share Index also appreciated by 0.53 per cent to 39293.14 points from 39085.78 points reported on Wednesday.

Also, Market Capitalisation of listed equities appreciated by N109 billion to N20.558 trillion from N20.449 trillion recorded the previous day.

Investors traded 229.417 million shares valued at N3.780 billion in 4016 deals against a total.of 361.903 million shares cost N5.701 billion exchanged hands the previous day in 4018 deals.


An analysis of the transactions for the day showed that Wapic Insurance led gainers table during the day, dropping by 10.00 per cent or N0.05 kobo to close at N0.55 kobo, UPDC REITS followed with a gain of 9.80 per cent or N0.50 kobo to close in N5.60 kobo, Pharma Deko gained 9.63 per cent or N0.13 kobo to close at N1.48 kobo, Neimeth International Pharmaceuticals PLC added 9.55 per cent or N0.17 kobo to close at N1.95 kobo while Glaxosmith increased by 9.45 per cent or N0.60 kobo to close at N6.95 kobo.

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