Leadership (Abuja)

Nigeria: Stock Market Sustain Positive Trajectory

By Chris Ugwu, 7 November 2012

Activities on the equity sector of the Nigerian Stock Exchange continued on the upbeat yesterday, as major blue chip stocks appreciated in price, causing the All-Share index to appreciate further by 0.46 per cent.

Further analysis in the day showed that, Market capitalisation rose by N40 billion or 0.47 per cent from N8.476 trillion recorded on Monday to N8.516 trillion while the All-share index rose 123.92 points or 0.46 per cent from 26,600.10 to 26,724.02.

Specifically, 18 companies appreciated in price, led by UBA with 5.88 per cent to close at N4.86 per share, followed by First Bank with 5.13 per cent to close at N16.40 per share.

Honeywell Flourmill added 4.98 per cent to close at N2.11 per share. NAHCO gained 4.92 per cent to close at N5.87 per share, while GlaxoSmithKline which close the list of top five gainers appreciated by 4.56 per cent to close the day at N43.00.

  • Comment

Copyright © 2012 Leadership. All rights reserved. Distributed by AllAfrica Global Media (allAfrica.com). To contact the copyright holder directly for corrections — or for permission to republish or make other authorized use of this material, click here.

AllAfrica aggregates and indexes content from over 130 African news organizations, plus more than 200 other sources, who are responsible for their own reporting and views. Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica.

Comments Post a comment