• Thursday, July 25, 2024
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Berger Paints, Eterna, Oando, others drive market’s N45bn gain

Nigeria’s stocks move further south

Nigeria’s equities market furthered its gain on Thursday April 21 as investors continued to cherry-pick attractive counters across board.

The market recorded its second gain this week, rising by N45billion or 0.18 percent as investors bought shares of Berger Paints Plc, Eterna Plc, Oando Plc, Meyer Plc and Skyway Aviation Handling Company Plc.

Berger Paints led the gainers league after its share price moved up from N7 to N7.70, up by 70kobo or 10percent, while Eterna increased from N5.50 to N6.05, adding 55kobo or 10percent.

Read also: Investors gain N127bn as stock market opens week in green

Also, Oando rallied from N4.85 to N5.33, adding 48kobo or 9.90percent, followed by Meyer which increased from N1.93 to N2.12, up19kobo or 9.84 percent and Skyway Aviation Handling Company which rose from day open low of N5.80 to N6.37, up by 57kobo or 9.83 percent.

The market’s positive return year-to-date (YtD) increased to 12.89 percent at the close of trading session.

At the close of trading session on Thursday April 21, the Nigerian Exchange Limited (NGX) All Share Index (ASI) and market capitalisation rose further from preceding day’s lows of 48,138.71 points and N25.952trillion respectively to 48,223.86 points and N25.997trillion.

In 4,859 deals, investors exchanged 244,694,160 shares valued at N3.151billion. Custodian Investment, Oando, Fidelity Bank, Nigerian Breweries and Transcorp were actively traded stocks on the Nigerian Exchange Limited.