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NSE: Market bucks Covid-19 to post N54bn gain

For the second day running, the Nigerian bourse recorded modest appreciation driven by increasing positive sentiments among equity investors despite the general economic uncertainties.

A positive market breadth was posted with 23 gainers recorded against 7 losers.

The All Share Index (ASI) inched up by 0.48% to close at 21,861.78 basis points. The market capitalisation climbed up by N54.365 billion to N13.765 trillion at the end of today’s trade. Year to date, the index is down by 18.55%.



GlaxoSmithKline led the flock of gainers today, appreciating by 10% to close at N3.85. NEM added up 9.88% to end today’s trade at N1.89. Sterling Bank went up by 9.26% to N1.18. Morison rose to N0.60, notching up 9.09% in the process. UCAP completed the top 5, climbing by 9.09% to N2.40.


African Prudential led losers at Friday’s trade, declining by 10% to close at N3.42. C&I Leasing shed 6.20% to end today’s trade at N9.49. Royal Exchange Insurance fell to N0.20, losing 9.09%. Nigerian Breweries slumped to N25.50, recording 4.85% depreciation. Oando closed at N2.05, going down by 4.65%.


251.411 million shares estimated at N3.358 billion were traded today in 3,968 deals.

GTB was the most active stock with 54.272 million of its stocks worth N1.014 billion traded in 589 deals. 42.866 million units of Zenith Bank shares priced at N538.779 million exchanged hands in 719 transactions. FBN Holdings had 36.442 million shares valued at N147.339 million traded in 309 deals. UBA traded 24.108 million shares estimated at N124.802 million in 310 transactions. FCMB traded 16.294 million shares valued at N24.466 million in 79 deals.


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