NSE’s key indicators up by 0.02%

Date:

Lagos, April 7, 2021 Activities on the Nigerian stock market on Wednesday closed on a positive note to halt the four consecutive days of bearish run, growing by 0.02 per cent.

Thank you for reading this post, don't forget to subscribe!

The performance was driven by investors’ renewed posItive sentiments in blue-chip stocks like Nestle Nigeria, MTN Nigeria Communications (MTNN) and nine others.
Specifically, the All-Share Index grew by 7.42 points or 0.02 per cent to close at 38,774.03 from 38,766.51 achieved on Tuesday.

Also, the market capitalisation rose by N4 billion to close at N20.286 trillion in contrast with N20.282 trillion posted on Wednesday.

The gain was driven by price appreciation in large and medium capitalised stocks amongst which are: Nestle Nigeria, Flour Mills of Nigeria, MTNN, Stanbic IBTC Holdings and Africa Prudential.

Analysts at Afrinvest Limited said, “In subsequent trading sessions, we anticipate that the equities market will sustain a positive momentum.”

Jaiz Bank dominated the gainers’ chart with a gain of 10 per cent to close at 66k per share.

The Initiates followed with 9.52 per cent to close at 46k and Royal Exchange rose by 8.33 per cent to close at 39k per share.
Japaul Gold and Ventures appreciated by 8.16 per cent to close at 53k, while Consolidated Hallmark Insurance gained 6.90 per cent to close at 31k per share.

On the other hand, Sterling Bank led the losers’ chart in percentage terms by 9.47 per cent to close at N1.53 per share.
Pharma Deko followed with 9.46 per cent to close at N1.34, while Prestige Assurance shed 8.70 per cent to close at 42k per share.

Ardova shed 6.91 per cent to close at N14.15, while Livestock Feeds depreciated by 5.88 per cent to close at N1.76 per share.

Also, the total volume of trades increased by 58.71 per cent with 356.46 million shares valued at N4.19 billion exchanged in 6,130 deals.

This was in contrast with an exchange of 224.59 million worth N2.14 billion achieved in 4,675 deals on Tuesday.

Transactions in the shares of Zenith Bank topped the activity chart with 55.031 million shares valued at N1.156 billion.

Access Bank followed with 38.385 million shares worth N308.553 million, while Transnational Corporation of Nigeria (Transcorp) traded 31.860 million shares valued at N24.899 million.

Guaranty Trust Bank traded 29.208 million shares valued at N819.08 million, while Mutual Benefits Assurance transacted 25.449 million shares worth N10.021 million.

Godwin Okafor
Godwin Okaforhttps://naija247news.com
Godwin Okafor is a veteran Financial Journalist, Internet Social Entrepreneur, and the visionary Founder of Naija247news Media Limited. With an extensive career spanning over 16 years in financial journalism, Godwin possesses a wealth of experience that seamlessly bridges both traditional and digital media landscapes. His journey in journalism commenced at Business Day, Nigeria, where he laid the foundation for his prolific career. In 2010, Godwin took a bold step by founding Naija247news Media, a platform that has since become a prominent player in delivering timely and accurate news. Educationally, Godwin Okafor holds a Bachelor's degree in Industrial Relations and Personnel Management from the prestigious Lagos State University, Ojo, Lagos. His commitment to continuous learning led him to the Lagos Business School, where he further honed his skills. Additionally, he is recognized as a Fellow of the University of Pennsylvania, having successfully completed the Wharton Seminar for Business Journalists. Throughout his illustrious career, Godwin has earned acclaim by winning numerous journalism awards, a testament to his dedication to excellence in reporting. Beyond his role as a Financial Journalist, Godwin Okafor wears the hat of the Chairman at Emmerich Resources Limited, the publishing entity behind Naija247news. His visionary leadership has played a pivotal role in shaping the media landscape and establishing Naija247news as a trusted source of information. Godwin Okafor's multifaceted expertise, commitment to journalistic integrity, and leadership in the realm of business journalism underscore his influential presence in both the media and entrepreneurial spheres.

Share post:

Subscribe

Popular

More like this
Related

Soldiers Massacre: “Defense Headquarters Reveals Identities of Fallen heroes in Okuoma Community Attack”

The Defense Headquarters has revealed the identities of the...

US warned Niger about ties to Russia, Iran before junta revoked accord, Pentagon says

WASHINGTON, March 18 (Reuters) - U.S. officials traveled to...

“Potential Trump Presidency: Concerns Rise Over US-Africa Relations”

If Donald Trump secures victory in November's US presidential...

“Sanwo-Olu, Anyaoku, Adebanjo, and Others Call for New Nigerian Constitution”

SANWO-OLU, ANYAOKU, ADEBANJO, OTHERS DEMAND NEW NIGERIAN CONSTITUTION ...

Discover more from Naija247news

Subscribe now to keep reading and get access to the full archive.

Continue reading