Leadership (Abuja)

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.

Ads by Google

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 publishes around 2,000 reports a day from more than 130 news organizations and over 200 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.