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NSE: Nestle, Nigerian Breweries, Conoil lead gainers as positive sentiment persists

Bargain-hunting in bellwether stocks continued Thursday, causing the Nigerian bourse to record its third gain in a row this week.

All the key market indicators ended in the positive territory.

The market recorded negative breadth as 20 losers emerged against 18 gainers. The All Share Index (ASI) inched up by 0.07% to end the day at 22,554.84. Market capitalisation rose to N11.755 trillion at the end of today’s trade.

Year to date, the index is down by 15.97%.


Nestle topped the gainers’ chart today, appreciating by 10% to close at N913.20. Nigerian Breweries added up 9.89% to end today’s trade at N29.45. Conoil went up by 9.69% to N15.85. Cornerstone leapt to N0.59, notching up 9.26% in the process. Neimeth completed the top 5, climbing up by 9.09% to N0.60.


Access Bank led losers at Thursday’s trade, declining by 10% to close at N6.30. Sterling Bank shed 10% to end today’s trade at N1.35. NAHCO fell to N2.12, losing 9.79%. Zenith Bank slumped to N14.35, recording 9.79% depreciation. John Holt closed at N0.51, going down by 8.93%.

READ ALSO: NSE: Bank stocks dominate trade as bull run continues


379.110 million shares estimated at N4.327 billion were traded today in 5,985 deals.

Zenith led trade with 84.563 million units of its stocks worth N1.250 billion traded in 1,185 trades. 65.669 million units of FBN Holdings shares priced at N307.854 million exchanged hands in 630 transactions. Ekocorp had 58.001 million shares valued at N348.004 million traded in 3 deals. UBA traded 29.173 million shares estimated at N176.140 million in 327 transactions. GTB traded 26.284 million shares valued at N542.708 million in 680 deals.

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