• Sunday, December 10, 2023
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Market gains N12bn as Champion Breweries, Transcorp, others rally

Okomu, Eterna, other stocks cause NGX negative start to new week

Nigeria’s equities market strengthened its gaining streak on Thursday by 0.04percent or N12billion as investors bought shares of Champion Breweries Plc, Transcorp, LivingTrust Mortgage Bank, and others.

The market recorded positive close as investors continued to cherry-pick attractive counters in consumer and industrial goods sectors.

Champion Breweries share price moved up most from N4.78 to N5, adding 22kobo or 4.60percent.

Read also: Nigerian Breweries records worst February in 15 years over cash chaos

It was followed by that of LivingTrust Mortgage Bank which increased from day-open low of N2.85 to N2.97, adding 12kobo or 4.21percent and Transcorp which also increased from N1.27 to N1.38, adding 11kobo or 8.66percent.

The Nigerian Exchange Limited (NGX) All-Share Index (ASI) and Market Capitalisation increased from preceding day’s low of 55,801.14 points and N30.397trillion respectively to 55,822.14 points and N30.409trillion. The market’s year-to-date (YtD) return increased to 8.92percent.

In 3,627 deals, investors exchanged 311,476,310 shares valued at N3.093billion. Transcorp, GTCO, Zenith Bank, Stanbic IBTC Holdings and Sterling Bank were the most actively traded stocks on Thursday.