NSE: Market sustains bull run on gains in large-cap stocks

Gains in large-cap equities led by Nestle and Seplat ushered the Nigerian bourse into its third day of bull run on Thursday.

Bargain hunting has been a formidable market force this week with investor’s sentiments tilting more towards buying than selling.

Market breadth turned out positive with 24 gainers recorded relative to 12 losers.

The All Share Index (ASI) went up by 1.47% to at 21,384.03 basis points. The market capitalisation climbed up to N11.144 trillion at the end of today’s trade.

Year to date, the index is up by 20.33%.

TOP 5 GAINERS

Dangote Sugar led the flock of advancers today, appreciating by 9.74% to close at N10.70. UBA added up 9.73% to end today’s trade at N6.20. Lasaco went up by 9.52% to N0.23. Cadbury rose to N6.90, notching up 9.52% in the process. Sterling completed the top 5, climbing by 9.45% to N1.39.

TOP 5 LOSERS

Omatek topped the losers’ chart, declining by 8.82% to close at N0.31. Chams shed 8.70% to end today’s trade at N0.21. Unity Bank fell to N0.42, losing 8.70%. Jaiz Bank slumped to N7.84, recording 0.47% depreciation. SAHCO closed at N2, going down by 7.41%.

READ ALSO: NSE: Market gains N77.167bn as positive sentiment extends to day 2

TOP 5 TRADES

314.906 million shares estimated at N5.019 billion were traded today in 5,427 deals.

FBN Holdings was the most active stock with 56.017 million of its stocks worth N261.548 million traded in 527 deals. 37.771 million units of UBA shares priced at N228.483 million exchanged hands in 316 transactions. WAPCO had 34.991 million shares valued at N444.405 million traded in 435 deals. GTB traded 31.624 million shares estimated at N11.244 million in 603 transactions. Zenith traded 28.280 million shares valued at N388.401 million in 622 deals.

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