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STOCK MARKET: Equity cap gains N301.85bn, despite losses in UAC, others

STOCK MARKET: Equity cap gains N301.85bn, despite losses in UAC, others

Following a 1.06% jump in the Nigerian bourse’s total share value on Thursday, the market capitalisation increased by N301.85 billion, to N28.65 trillion, having closed Wednesday with N28.35 trillion.

With the sentiment still positive in the capital market, the All Share Index grew to 53,151.32 points, from Wednesday’s 52,591.41, after gaining 559.91 basis points.

This was on the heels of the exchange floor recording 266.18 million shares, which was traded among investors on Thursday, in 5,501 deals, worth N5.11 billion.

The value of traded shares slightly surpassed the N4.23 billion investors spent to exchange 382.45 million shares in 5,922 deals a day before.

In terms of the best performing equities, IMG led the top five list after its share went up by N1, to move from N10 to N11 per share.

Champion share gained N0.34kobo to move from N3.42kobo to N3.76kobo per share.

Linkage Assurance gained 9.09 percent to end trading with N0.60kobo from N0.55kobo per share.

Read also :NGX: Guinness, Manzard among top losers as investors drop N518.54bn

Livestock gained N0.10kobo in share value, to close at N1.46kobo from N1.36kobo per share.

Wapcon share appreciated by N1.65kobo, to rise from N26.50kobo per share to N28.15kobo.

Meanwhile, the decliners list consisted of NPF Microfinance, which lost N0.20kobo from its market price, to drop from N2.02 to N1.82kobo per share.

UAC Nigeria share dropped N1.25kobo to end trading at N11.65kobo from N12.90kobo per share.

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Read Full Story At: Ripples Nigeria.

Terrorists Kill Three PDP Party Delegates Ahead Of Niger Governorship Primary

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PDP ignored Peter Obi at its own peril —Olisa Metuh

PDP ignored Peter Obi at its own peril —Olisa Metuh