Investors in Nigeria’s stock market booked about N104billion gain at the close of trading session on Thursday July 16, 2020.
The northward movement on Thursday resulted from investors’ increased bet in value counters like Presco, Cadbury, MTNN, Zenith Bank, GTBank and UBA.
The market looks good to close the week in green if it sustains gains on Friday July 17 as it has already increased by +0.10 percent week-to-date (WtD), but this month it has decreased by -0.61 percent. The year-to-date (ytd) negative return decreased to -9.36 percent.
The Nigerian Stock Exchange (NSE) All Share Index (ASI) increased by +0.83 percent to 24,330.06 points at the close of trading as against preceding trading day low of 24,130. 26points.
The value of listed stocks increased from preceding trading day low of N12.587trillion to N12.691trillion.
Presco share price rallied by 9.28percent to N49.45, Cadbury rose by 7.41percent to N7.25, GTBank increased by 2.33 percent to N22, MTNN increased by 2.61 percent to N118, UBA rallied by 2.48percent to N6.20, while Zenith Bank advanced by 1.29percent to N15.75.
All NSE sectoral indices closed in the green except that of NSE Consumer Goods (-0.46percent) and NSE Oil & Gas (-0.27percent).
The NSE-30 index increased by +0.69percent, NSE Banking index (+1.01 percent), NSE Insurance index (+0.08 percent), while NSE Pension index increased by +0.70 percent. Meanwhile, the NSE Industrial Index remained unchanged.
