• Sunday, March 03, 2024
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BusinessDay

Stock market starts February on a positive note

Stock investors book N67bn loss as market dips by 0.12%

…rises by 1.63% on renewed bargain

Nigeria stock market reversed previous days losses after starting the new month of February on a positive note.

The market rose by 1.63 percent as investors bought shares of NASCON, GTCO, Caverton Offshore Support Group and Chams.

NASCON share price went up from N61.60 to N67.75, after adding N6.15 or 9.98 percent. Also, GTCO increased from preceding day’s low of N37 to N40.70, up by N3.70 or 10 percent.

Caverton Offshore Support Group rose from N1.70 to N1.87, up by 17kobo or 10 percent, while Chams share price increased from preceding trading day’s low of N2.40 to N2.64, up by 24kobo or 10 percent.

The year-to-date (YtD) return stood higher at 37.48 percent after the market’s positive close on Thursday.

The Nigerian Exchange Limited (NGX) All-Share Index (ASI) and Market Capitalisation increased from preceding trading day’s lows of 101,154.45 points and N55.357trillion respectively to 102,802.25 and N56.259trillion.

In 12,851 deals, investors exchanged 861,005,481 shares worth N12.155billion. Stocks like Universal Insurance, Transcorp, Zenith Bank, UBA and Veritas Kapital Assurance were actively traded on Thursday.