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NSE’s key indicators up by 0.02%
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Activities on the Nigerian stock market on Wednesday closed on a positive note to halt the four consecutive days of bearish run, growing by 0.02 per cent.
The performance was driven by investors’ renewed posItive sentiments in blue-chip stocks like Nestle Nigeria, MTN Nigeria Communications (MTNN) and nine others.
Specifically, the All-Share Index grew by 7.42 points or 0.02 per cent to close at 38,774.03 from 38,766.51 achieved on Tuesday.
Also, the market capitalisation rose by N4 billion to close at N20.286 trillion in contrast with N20.282 trillion posted on Wednesday.
The gain was driven by price appreciation in large and medium capitalised stocks amongst which are: Nestle Nigeria, Flour Mills of Nigeria, MTNN, Stanbic IBTC Holdings and Africa Prudential.
NSE s key indicators up by 0 02% naija247news.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from naija247news.com Daily Mail and Mail on Sunday newspapers.
By Chinyere Joel-Nwokeoma
Lagos, April 6, 2021 The Nigerian stock market resumed after the Easter public holidays on Tuesday with a loss of 0.39 per cent due to persistent bearish trend.
Specifically, the All-Share Index lost 150.13 points or 0.39 per cent to close 38,766.61 compared with 38,916.74 achieved on Thursday.
Also, the market capitalisation lost N78 billion to close at N20.283 trillion from N20.361 trillion achieved on Thursday.
The market loss was driven by price depreciation in large and medium capitalised stocks, amongst which are Guinness Nigeria, MRS Oil Nigeria, Guaranty Trust Bank, BUA Cement and Aluminium Extrusion Industries.
Market sentiment turned negative with 21 laggards, relative to 14 gainers.
The performance was driven by investors’ renewed positive sentiments in blue-chip stocks like Nestle Nigeria, MTN Nigeria Communications (MTNN) and nine others.
Specifically, the All-Share Index grew by 7.42 points or 0.02 per cent to close at 38,774.03 from 38,766.51 achieved on Tuesday.
Also, the market capitalisation rose by N4 billion to close at N20.286 trillion in contrast with N20.282 trillion posted on Wednesday.
The gain was driven by price appreciation in large and medium capitalised stocks amongst which are: Nestle Nigeria, Flour Mills of Nigeria, MTNN, Stanbic IBTC Holdings and Africa Prudential.
Analysts at Afrinvest Limited said, “In subsequent trading sessions, we anticipate that the equities market will sustain a positive momentum.”
NSE resumes Easter holidays with N78 billion loss today.ng - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from today.ng Daily Mail and Mail on Sunday newspapers.