• Thursday, March 28, 2024
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BusinessDay

Stocks gain over N280bn in 4 trading days

Nigeria stocks rebound by 1.09% after steep falls

The value of Nigerian listed stocks advanced further at the close of trading session on Thursday at the Lagos Bourse.

The latest gain resulted to cumulative gain in excess of N280billion in four trading days this week. The year-to-date (ytd) negative returns moderated further to -2.70percent.

Largely capitalised stocks occupied the league of 23 advancers against 15 laggards, pushing the value of listed equities to new highs of N11.404trillion from week-open low of N11.124trillion.

The Nigerian Stock Exchange (NSE) All Share Index (ASI) appreciated by 0.40percent on Thursday to close at 30,583.21 points from preceding day low of 30,460.68 points.

Mobil Oil Nigeria Plc recorded the highest gain after its share price increased from N184 to N188, adding N4 or 2.17percent.

Dangote Cement Plc followed after its share price gained N2 or 1.06percent, from N188 to N190. Cement Company of Northern Nigeria Plc gained N1 or 4.55percent, from N22 to N23.

PZ Cussons Nigeria Plc increased from N11 to N11.85, adding 85kobo or 7.73percent; while the share price of Nigerian Breweries Plc advanced from N78  to N78.75, adding 75kobo or 0.96percent.

NASCON Plc recorded the highest loss, after its share price declined from N18.6 to N18, losing 60kobo or 3.23percent; followed by Stanbic IBTC Plc which was down by 50kobo or 1.05percent, from N47.5 to N47.

Etranzact Plc declined from N3.95 to N3.56, losing 39kobo or 9.87percent; Zenith Bank Plc followed after its share price declined from N21.95 to N21.7, losing 25kobo or 1.14percent. GTBank Plc share price dipped from N32.6 to N32.4, losing 20kobo or 0.61percent.

In 3,207 deals, equity traders exchanged 231,014,666 units valued at N3.260billion. Diamond Bank Plc, GTBank Plc, Zenith Bank Plc, Access Bank and FBN Holdings were actively traded stocks Thursday on Custom Street.

 

Iheanyi Nwachukwu