Nigerian Bourse Sustains Gains as All-Share Index crosses 42,000

The Nigerian Exchange Ltd (NGX) saw sustained gains on Friday, as the All-Share Index crossed 42,000.

The index gained 77.46 points or 0.18 per cent to close at 42,038.60 from 41,961.14 on Thursday.

Additionally, the market capitalization, which opened at N21.898 trillion, gained N40 billion or 0.18 per cent to close at N21.938 trillion.

According to the price movement chart, 31 stocks appreciated against 18 laggards.

Guinness led the gainers’ chart in percentage terms with a 10 per cent gain to close at N36.30 per share.

Custodian Insurance followed with 9.74 per cent to close at N8.45, while AIICO rose by 9.73 per cent to close at N1.24 per share.

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UPL trailed with 9.60 per cent to close at N2.17, while Wema Bank gained 9.46 per cent to close at 81k per share.

Regency Alliance topped the losers’ chart in percentage terms by 9.76 per cent to close at 37k per share.

CWG finished second with 9.60 per cent to close at N1.13, while Sovereign Trust Insurance fell 8.33 per cent to close at 22k.

Dangote Sugar lost 5.56 per cent to close at N17 per share, as Royal Exchange fell 5.66 per cent to close at 50k.

The turnover of shares traded also increased, as investors bought and sold 1.13 billion shares worth N13.78 billion in 5,458 transactions.

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This was in contrast with 558.89 million shares valued at N4.40 billion traded in 4,683 deals on Thursday.

Eterna dominated the activity chart with 801.28 million shares worth N10.79 billion.

FBN Holdings accounted for 56.98 million shares valued at N645.12 million, while Transcorp accounted for 27.94 million shares worth N29.78 million.

Wema Bank sold 23.53 million shares valued at N18.51 million, while AIICO traded 21.79 million shares worth N27.02 million.

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