Stock market gains N75bn

The Nigerian Exchange Limited on Thursday continued its upward movement with a N75bn gain for investors.

The All-Share Index moved up by 0.26 per cent or 138.26 base points to 52, 235.88. Similarly, the market capitalisation appreciated by 0.26 per cent to N28.442tn.

Buying interest in Bua Foods (+5.88 per cent), Zenith Bank (+1.11 per cent) and Stanbic (+0.54 per cent) offset losses in Nigerian Breweries (-10.00 per cent), Wapco (-0.83 per cent), and GTCO (-0.40 per cent) and drove the upturn in the market.

Market activities showed trade turnover moderated relative to the previous session, as the volume and value of transactions went down by 63.96 per cent and 9.52 per cent respectively.

A total of 2.33bn units of shares valued at N17.62bn were exchanged in 6,958 deals.

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