Stock market gains N91bn

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By Taiye Olayemi

The stock market closed the week on a positive note with market value growing by N91 billion.

Specifically, market capitalisation which opened at N67,102 trillion, closed at N67,193 trillion, gaining N91 billion or 0.14 per cent.

Similarly, All-Share Index improved by 146 points or 0.14 per cent to close at 107,821.39, compared to 107,675.46 posted on Thursday.

On the price movement chart, 34 stocks recorded price depreciation against 26 gainers.

Red Star Express led the losers’ chart, dropping by 9.96 per to close at N6.60 per share.

Also, Learn Africa fell by 9.84 per cent to close at N3.30 per share, Multiverse Mining and Exploration dropped by 9.72 per cent to close at N9.75 per share.

Also, Cadbury Nigeria inched down by 9.62 per cent to close at N26.30 per share.

Linkage Assurance Plc lost by 5.80 per cent to close at N1.30 per share.

Austin Laz and Company led the gainers’ chart with a 10 per cent gain to close at N2.09 per share.

This is followed by Oando with a gain of 9.94 per cent to close at N58.05 per share while Caverton increased by 9.67 per cent to close at N2.95 per shere.

Also, John Holt rose by 9.62 per cent to close at N7.98 and PZ gained 9.09 per cent to close at N35.40 per share.

A total of 458.26 million shares worth N14.078 billion were exchanged in 12,213 transactions, compared with 423.42 million shares worth N9.57 billion exchanged in 11,112 transactions on Thursday.

On the activity table, Zenith Bank maintained the lead in volume and value of deals, exchanging 122 million shares worth N5.9 billion. (NAN) (nannews.ng)

Edited by Maureen Atuonwu

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