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NSE: Flour Mills, Stanbic, MTNN lead gainers as bullish run continues



Number of unemployed Nigerians rises to 21m in one year

The Nigerian capital market rode on the back of blue chip stocks to close Thursday session on a positive note. The bullish run, beginning on Tuesday, entered day 3 with the All Share Index (ASI) upping by 0.36% to close at 26,872.09 basis points. Today’s trade ended with a market capitalisation of N12.970 trillion. Year to date, the market is down by 14.50%.


Flour Mills of Nigeria led the pack of gainers with 9.85% appreciation and a closing price of N17.85. Stanbic recorded a 2.56% increase to close at N40. The share price of telecommunications giant, MTNN, rose by 0.80% to close at N120. Dangote Cement similarly recorded marginal appreciation, in this case by 0.63% to finish today’s trade at N144.9. Dangote Sugar completed this category, advancing by 6.94% to N13.1.


Profit-taking in the shares of CCNN saw it lead the ranks of losers, plunging by 10% to close at N18. Unilever went down by 5.68% with a closing price of N17.45. Zenith Bank shed 1.06% to end today’s trade at N18.6. UBA closed at N7.6, indicating a 1.94% loss while WAPCO declined by 0.69% to close at N14.4.


The shares of FBN Holdings were the most active during today’s trading session as 74.028 million shares worth N558.421 million exchanged hands in 450 transactions. Transcorp came next with 19.188 million of its shares valued at N19.569 million traded in 68 deals. Zenith Bank traded 18.307 million units estimated at N342.453 million in 462 deals. 17.233 shares of GTB were traded in 220 transactions with a value of N506.182 million. UBA traded 14.158 million shares priced at N107.566 million in 231 deals to complete the top five on the activity chart.

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