The stock market of Africa’s largest economy sustained gain on Thursday, June 17 as investors continued to buy amid pockets of profit-taking on the Bourse.
The Nigerian Exchange Limited (NGX) All Share Index (ASI) moved up by 50.41 points or 0.13 percent to 38,615.11 percent from preceding day’s 38,564.7 points while equities market capitalisation increased by N26billion to N20.125trillion from N20.099trillion.
In 3,260 deals, investors exchanged 160,439,651 units valued at N1.395billion. Wema Bank, Mutual Benefit, Zenith Bank, Sterling Bank, and FBN Holdings were most traded stocks on Thursday.
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Except NGX Industrial (-0.02percent), all other NGX sectoral indices closed in green – NGX Banking (+0.68percent), NGX Consumer Goods (+0.18percent), and NGX Insurance (+1.01percent).
The stock market’s negative return year-to-date (YtD) decreased to -4.11 percent at the close of trading.
Champion Breweries Plc stock price rallied most on the Nigerian Bourse, from N1.80 to N 1.98, up by 18kobo or 10percent. Wapic also increased from 53kobo to 58kobo, adding 5kobo or 9.43percent. Likewise, Lasaco made the top advancers league, moving from N1.39 to N1.50, up 11kobo or 7.91percent, followed by Berger Paints which rose from N7.15 to N7.70, up by 55kobo or 7.69percent, while Mutual Benefit rose from 46kobo to 49kobo, adding 3kobo or 6.52perent.
