Business
NSE: Int’l Breweries, Cutix, Neimeth lead gainers as market remains upbeat
The market maintained the current uptrend on Thursday as bargain-hunting efforts lifted equities further up.
Gains in CAP, Stanbic, International Breweries, GSK and Fidson largely accounted for the positive performance.
The market posted a positive breadth as 17 gainers emerged against 11 losers.
All the sector indices closed high save for the Insurance Index which was down by 0.23% at 128.30 basis points.
The All Share Index (ASI) went up by 0.13% to 25,204.58 basis points. Market capitalisation jumped to N13.149 trillion, expanding by N18.062 billion.
Year to date, the index is down by 6.1%.
TOP 5 GAINERS
International Breweries led gainers, appreciating by 10% to close at N3.30. Cutix added up 9.71% to end today’s trade at N1.92. Neimeth advanced by 9.55% to N1.95. Livestock rose to N0.60, notching up 9.09% in the process. Fidson completed the top 5, climbing up by 6.74% to N3.96.
READ ALSO: NSE: Bank stocks drive market’s N18bn gain
TOP 5 LOSERS
Studio Press topped the losers’ chart today, declining by 9.60% to close at N1.79. UACN Property shed 9.47% to end today’s trade at N0.86. ABC Transport fell to N0.43, losing 8.51%. Royal Exchange slumped to N0.26, recording 7.41% depreciation. Japaul closed at N0.20, going down by 4.76%.
TOP 5 TRADES
179.549 million shares valued at N2.526 billion were traded today in 3,055 deals.
Transcorp plans N0.01 per share dividend, as UBA proposes N0.80 final dividend was the most active stock with 35,479 million of its stocks worth N21.470 million traded in 76 deals. 29.938 million units of GTB shares priced at N755.908 million exchanged hands in 236 transactions. Lasaco had 11.864 million shares valued at N3.505 million traded in 28 deals. FBN Holdings traded 9.975 million shares estimated at N49.931 million in 149 transactions. Zenith Bank traded 9.648 million shares valued at N163.463 million in 300 deals.
Join the conversation
Support Ripples Nigeria, hold up solutions journalism
Balanced, fearless journalism driven by data comes at huge financial costs.
As a media platform, we hold leadership accountable and will not trade the right to press freedom and free speech for a piece of cake.
If you like what we do, and are ready to uphold solutions journalism, kindly donate to the Ripples Nigeria cause.
Your support would help to ensure that citizens and institutions continue to have free access to credible and reliable information for societal development.
INVESTIGATION: In Kwara, multimillion-naira milk processing plant is abandoned, converted to a chicken outlet
After the government spent millions of naira to establish a milk processing plant in Kwara State that would provided jobs...
SPECIAL REPORT: For Sokoto communities, promise of healthcare is akin to death sentence
In this story, ABDULRASHEED HAMMAD delves into the dire realities of Primary Health Care services in Sokoto State, shedding light...
ICYMI…SPECIAL REPORT: NNPCL hides behind PIA to frustrate disclosure, accountability
Nigeria’s major oil company, Nigerian National Petroleum Corporation Limited (NNPCL), in what appears to be a common practice of disregard...
INVESTIGATION: Multi-million naira Ekiti resort center remains uncompleted a decade after
The multimillion-naira project, expected to comprise recreational buildings, now consists of cassava farmland, a bush used for excretion, and a...
SPECIAL REPORT: Torturous experiences of students with disabilities in Oyo tertiary institutions
For students with disabilities in Oyo state-owned tertiary institutions, learning is a torturous and distressing experience, considering the building structures...