Nigerian Bourse gains N228 bn, Closes 1.98% higher, Thursday

Gains in Dangote cement and banking dominated chart keeps Trading activities on the floor of the Nigeria Stock Exchange afloat on Thursday, as the All Share Index soared by 1.98% closing at 31,433.49 points as against the previous close of 30,821.80 points.

Furthermore, Market capitalisation grew by 1.98% closing at N11.722 trillion, as against N11.494 trillion of the previous trading session.

Volume and value of traded stocks appreciated by 21.63% and 21.79%, to arrive at 436 million units and N5 billion respectively.

Market Breadth

25 stocks closed positive,while, 13 stocks lost, these bring the market breadth to a positive round off.

Percentage Gainers

Forte Oil led other price percentage gainers closing 10.00% above its previous close of N27.00 to settle at N29.70.

Unity Bank, Guaranty, NAHCO, Zenith Bank and AIICO, all made it to the gainers table, growing above 7.00% of their last share prices ahead of other 19 stocks on the gainers’ chart.

Percentage Losers

MCNICHOLS tops the losers’ table, Shedding 9.52% of its share price. This is followed by Trans-Nationwide Express, Royal Exchange and Learn Africa all shedding 8.70%, 7.14% and 6.67% respectively.

Volume Drivers

Zenith Bank traded about 63 million units of its shares in 501 deals, valued at about N1.4 billion

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