• Friday, May 24, 2024
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Stock market rises by 0.55% as Presco, others rally

Market dips by 0.11% in one week

Nigeria’s stock market moved higher on Thursday by 0.55 percent as investors bought shares of Presco, Dangote Sugar Refinery, Flour Mills, Fidson Healthcare and Sterling Financial Holding Company.

Presco increased most from N209 to N229.90, up N20.90 or 10 percent. Dangote Sugar Refinery also increased from N38.90 to N42.75, up by N3.85 or 9.90 percent, while Flour Mills share price moved higher on Thursday from N30.50 to N33.55, up by N3.05 or 10 percent.

At the close of trading session on Thursday, the Nigeria Exchange Limited (NGX) All-Share Index (ASI) and equities market capitalisation increased from preceding trading day’s lows of 98,225.63 points and N55.553trillion to 98,762.78 points and N55.856trillion.

Nascon share price dipped most, from N52.55 to N47.30, down by N5.25 or 9.99 percent. In 8,446 deals, investors exchanged 665,198,654 shares worth N5.541billion. The market’s year-to-date (YtD) return also increased to 32.08 percent.