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Trading closes week upbeat with N89bn growth
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The nation’s bourse key market indicators closed the week upbeat on Friday with a growth of 0.43 per cent.
The market capitalisation increased by N89 billion or 0.43 per cent to close at N20.568 trillion against N20.479 trillion posted on Thursday.
Also, the All-Share Index which opened at 39,131.80 inched higher by 170.02 points or 0.43 per cent to close at 39,301.82.
A breakdown of the price movement chart indicates that Triple G led the gainers’ table in percentage terms, gaining 9.23 per cent to close at 71k per share.
Sovereign Trust Insurance gained 8.70 per cent to close at 25k, while Stanbic IBTC Group added 8.70 per cent to close at N50 per share.
By Chinyere Joel-Nwokeoma
Lagos, April 23, 2021 The nation’s bourse key market indicators closed the week upbeat on Friday with a growth of 0.43 per cent.
The market capitalisation increased by N89 billion or 0.43 per cent to close at N20.568 trillion against N20.479 trillion posted on Thursday.
Also, the All-Share Index which opened at 39,131.80 inched higher by 170.02 points or 0.43 per cent to close at 39,301.82.
A breakdown of the price movement chart indicates that Triple G led the gainers’ table in percentage terms, gaining 9.23 per cent to close at 71k per share.
Sovereign Trust Insurance gained 8.70 per cent to close at 25k, while Stanbic IBTC Group added 8.70 per cent to close at N50 per share.
Nigerian stocks tick higher by N89 billion on renewed interest in consumer goods shares
At the forefront of the advance were blue-chip equities like Zenith, UACN, Dangote Sugar, and Stanbic IBTC.
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Nigerian stocks completed a week-long gaining streak on Friday, aided by a swelling interest in consumer goods shares as the benchmark index lifted by 0.43 per cent.
At the forefront of the advance were blue-chip equities like Zenith,
UACN, Dangote Sugar, and Stanbic IBTC.
Slightly helping gains, a batch of upbeat first-quarter earnings updates hit the market on Friday, with Nigeria’s biggest beer-maker Nigerian Breweries announcing a profit surge of 38.5 per cent or N2.133 billion. This helped its share price up by 2.2 per cent just as NASCON and Living Trust Mortgage Bank also saw rises in bottom line.