The Nigerian stock market started the week positively,
with a ?228 billion gain on Monday, pushing the market capitalisation to
?66.693 trillion. The All-Share Index (ASI) rose by 0.34% to 106,116.18, buoyed
by buying interest in medium and large-cap stocks like International Breweries,
Legend Internet Plc, Cadbury Nigeria, and Fidson.
Market sentiment was strong, with 47 gainers against
16 losers. Top gainers included International Breweries (+10%), Legend Internet
(+9.97%), Cadbury (+9.96%), Fidson (+9.95%), and Eterna (+9.90%). Losers were
led by Livestock Feeds (-10%), Aradel Holdings (-9.86%), and Tripple Gee
(-9.60%).
Trading volume rose to 500.59 million shares valued at
?12.11 billion across 17,637 deals. Access Corporation led in activity with
60.87 million shares worth ?1.45 billion, followed by Fidelity Bank, UBA, GTCO,
and Nigerian Breweries.
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