7 November 2012

Nigeria: Stock Market Sustain Positive Trajectory

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.

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