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Bulls return to stock market, as bourse’s cap hits N13 trillion mark 

Samuel Oyekanmi by Samuel Oyekanmi
January 4, 2020
in Business News, Markets, Stock Market
Nigerian stock exchange, All share index, Nigerian bourse, Investors, Bulls gather momentum ASI up 0.48%, gained N55.3 billion, Dangote ,MTN & Gtbank hit a home run as Nigeria’s bourse continues bullish momentum
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The Nigerian Nigerian Stock Exchange (NSE) traded in positive territory on Friday as the major market indicator, All share index, grew 0.38% to close at 26,968.79 index points. The equity market capitalisation hit the N13 trillion mark as the stock market recorded 6,071 deals in trades of 608.86 million units of shares valued at N3.76 billion.

Top gainers 

Niger Insurance Plc gained the most on the bourse today with 10% gain to close at N0.22 followed by Cornerstone Insurance, which gained 8.16% to close at N0.53.

Africa Prudent Plc gained 6.25% to close at N4.25 and Etisalat Transnational gained 6.11% to close at N6.95 while Mutual Benefit rounded off the list with 5% gain to close at N0.21.

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Top losers 

On the flip slide, Deap Capital was the worst-performing stock today as it shed 10% of its stock value to close at N0.36 alongside Omatek ventures, which also lost 10% to close at N0.45. Neimeth Pharmaceuticals lost 9.68% to close at N0.56. Linkage Assurance lost 9.43% to close at N0.48 while Interlink technology shed 9.06% closing at N2.91 to round off the list.

[READ MORE: Transcorp, GTB lead actively traded stocks as Bulls return on Monday)

Top trades by volume 

Niger Insurance was most actively traded in the stock market as it attracted trades in 127.2 million units of shares at N27.99 million across 3 deals followed by Veritas Kapital Assurance, which traded 121.2 million units of shares valued at N24.24 million across 4 deals.

Zenith Bank Plc traded 63.5 million shares valued at N1.21 billion across 748 deals. UBA traded in N46.04 million unit of shares at N340.67 million across 348 deals while Japaul Oil capped the list with trades in 30.16 million units of shares at N6.04 million across 18 deals.


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Tags: Africa Prudent PlcCornerstone Insurance - Newsequity market capitalisationEtisalat TransnationalJapaul OilNiger InsuranceNiger Insurance PlcNigerian Nigerian Stock ExchangeOn the MoneyUBAZenith Bank Plc
Samuel Oyekanmi

Samuel Oyekanmi

For further inquiries about this article, contact: Email: samuel.oyekanmi@nairametrics.com Twitter: @OYEKANMISAMUEL Linkedln: Samuel Oyekanmi

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Comments 1

  1. Anonymous says:
    January 4, 2020 at 2:42 pm

    Which company is Etisalat Transnational.

    Reply

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