Connect with us


Nigerian stock market maintains positive rally, up by 0.10%



The nation’s bourse kicked off the week on Monday still on a bullish note with bargain buying on Dangote Cement and other 27 stocks.

Specificaly, the All-Share Index inched higher by 42.71 points or 0.10 per cent to close at 43,897.13 from 43,854.42 achieved on Friday.

Accordingly, the year-to-date return increased to 2.8 per cent.

Similarly, the market capitalisation N23 billion to close at N23.650 trillion compared with N23.627 trillion posted on Friday.

The upturn was impacted by gains recorded in large and medium capitalised stocks, amongst which are; Dangote Cement, BUA Foods, MRS Oil, Vitafoam and PZ Cussons.

This week, United Capital expected the market to maintain its bullish momentum as investors continue to take positions ahead of the dividend season amidst pockets of profit taking.

Market sentiment closed positive with 28 gainers in relative to 19 losers.

BUA Foods dominated the gainers’ chart in percentage terms by 9.96 per cent to close at N58.50 per share.

MRS Oil followed with 9.72 per cent to close at N13.55, while PZ Cussons rose by 8.53 per cent to close at N7 per share.

AIICO Insurance improved by 7.69 per cent to close at 84k , while NPF Microfinance Bank appreciated by 6.45 per cent to close at N1.98 per share.

On the other hand, Northern Nigeria Flour Mills led the losers’ chart in percentage terms by 9.66 per cent to close at N6.55 per share.

United Bank for Africa followed with 6.90 per cent to close at N5.40, while Red Star Express lost 6.38 per cent to close at N3.23 per share.

MTN Nigeria Communications (MTNN) lost 5.84 per cent to close at N185.50, while Sovereign Trust Bank shed 3.85 per cent to close at 25k per share.

Meanwhile, the total volume of shares traded declined by 21.23 per cent to 311.26 million shares worth N8.64 billion traded in 5,159 deals.

This was in contrast with 395.15 million shares valued at N12.39 billion traded in 3,923 deals on Friday.

Transactions in the shares of BUA Foods topped the activity chart with 101.36 million shares valued at N5.93 billion.

Transcorp followed with 51.22 million shares worth N50.21 million, while Zenith Bank traded 12.13 million shares valued at N308.63 million.

Guaranty Trust Holding Company traded 10.35 million shares worth N265.61 million, while Sovereign Trust Insurance transacted 9.47 million shares worth N2.29 million.


News17 seconds ago

N450m fraud: Court refuses to stay proceedings in ex-minister Bulama, others’ trial

News10 mins ago

Mexico records 33,308 murders in 2021

News32 mins ago

EPL fixtures: Matches to watch this weekend as Premier League top-four race hots up

News52 mins ago

Baby, three others freeze to death near US-Canada border

News1 hour ago

Give back to alma mater, Lagos Baptist alumni tell Nigerians

News1 hour ago

FG builds multipurpose hall for adult literacy centre

News1 hour ago

ICOBA plans N1bn to refurbish school

News1 hour ago

Ondo NSCDC to deploy female officers in schools

News1 hour ago

Mock exam, condition for NECO/ WASSCE registration in Kogi

News1 hour ago

Alumni lament institution’s encroachment

News1 hour ago

BREAKING: 17 dead, 59 injured as explosion rocks Ghana town

News2 hours ago

Full fixtures: Nigeria face Tunisia at AFCON knockout stage, Ivory Coast vs Egypt

News2 hours ago

Beginning of the end of an era and 2023 presidential elections

News2 hours ago

Tinubu’s native intelligence

News2 hours ago

Ekiti community demands compensation for demolished houses, issues ultimatum

News2 hours ago

LASTMA probes officer’s attack on commercial bus, female passenger’s eye injured

News2 hours ago

Two killed, five injured as mast collapses in Benue

News2 hours ago

129 terrorists killed, 64 arrested, 27 victims rescued in two weeks – DHQ

News2 hours ago

Two in court for forging, selling Benue internal revenue receipts

News2 hours ago

Lagos photographer, mentor trade blame over N1m camera lens

News20 hours ago

Dangote Refinery to Reduce Africa’s Petroleum Importation by 36%, says APPO

Entertainment17 hours ago

Woman trends after tattooing ‘baby hair’ to her forehead (photos)

News17 hours ago

What I told Super Eagles before first AFCON game -Eguavoen

Entertainment14 hours ago

Teenage-looking Nigerian boy brutalizes his girlfriend for refusing to open her phone for him (Disturbing video)

Business News16 hours ago

GSK Consumer Healthcare Business Not Worth Than £50bn—Unilever

Entertainment7 hours ago

Actor, Kolawole Ajeyemi reacts to claims that his wife, Toyin Abraham, bought him the Lexus SUV (video)

Metro15 hours ago

Bill Gates Warns Of Pandemics Worse Than Covid-19

News11 hours ago

Benue amends anti-open grazing law, imposes stiffer penalties for offenders

News17 hours ago

Pictorial: Buhari arrives in Kaduna for two-day official visit

Entertainment15 hours ago

Ubi Franklin jokingly pushes reality star, Queen away as she gets ‘romantic’ with him (video)

News20 hours ago

2023: Women’s group backs Osinbajo, seeks Buhari’s support

News21 hours ago

Reps mourn Alao-Akala, say ex-Oyo gov deserves national recognition

Entertainment14 hours ago

“It works, see the glow” – Lady declares after rubbing friend’s sp3rm on her face; says she won’t have to buy expensive creams again (video)

Entertainment17 hours ago

BBNaija star, Omashola and fiancee expecting their first child

News21 hours ago

2023: Underage persons won’t vote, says INEC

Business News15 hours ago

New High-Speed Trains to Boost Lagos Urban Transportation

Metro16 hours ago

I had to sleep with my pastor to get money to feed myself – Nollywood actress confesses

Relationship13 hours ago

7 Types Of People To Avoid When You’re Pregnant

Politics10 hours ago

Reps move to protect capital market investors

Metro17 hours ago

Pastor Asks Members To Pray Naked For Holly Spirit To Penetrate Them (See Photos)