29 equities appreciated at price during the week, lower than thirty-one 31 equities in the previous week.
This is coming a few days after UAC Nigeria Plc announced a deal to divest 51% of its shares in UPDC.
Nigerian bouse's market capitalization in value terms presently stands at N13,063 trillion.
Nigerian bourse continued its bullish run in three days consecutively.
Custodian Investment announced on Monday to acquire a 51% stake in UPDC, a real estate company owned by UACN.
GUARANTY, FBNH, and UBA were the most active to boost market turnover.
We have a target price of N17.0/s on UACN with a BUY recommendation.
The auditors also reported that UACN had to take a write-down on its interest in the Victoria Mall Plaza
The outbreak of Coronavirus (COVID-19) around the world continues to weigh heavily on investors as it dealt an unexpected shock to the economy.
Thelmis Capital Management, the core investor at UAC of Nigeria Plc (UACN) has increased its investment in the conglomerate.