Large and medium capitalised stocks push equities indicators up 0.13%

Date:

Lagos, June 17, 2021 The domestic equities market extended positive growth on Thursday with the key indices appreciating further by 0.13 per cent.
Specifically, the All-Share Index rose by 50.44 points or 0.13 per cent to close at 38,615.11 compared with 38,564.70 posted on Wednesday.
Accordingly, month-to-date gain increased to 0.5 per cent, while year-to-date loss moderated to 4.1 per cent.
Also, the market capitalisation garnered N26 billion or 0.13 per cent to close at N20.125 trillion.
The market upturn was driven by price appreciation in large and medium capitalised stocks amongst which are; Nigerian Breweries, Berger Paints, Guaranty Trust Bank, Champion Breweries and UACN.
The market sentiment closed positive with 18 gainers’ against to eight laggards.
Champion Breweries led the gainers’ chart in percentage terms with 10 per cent to close at N1.98 per share.
Wapic Insurance followed with 9.43 per cent to close at 58k, while Lasaco Assurance was up by 7.91 per cent to close at N1.50 per share.
Berger Paints Nigeria rose by 7.69 per cent to close at N7.70, while Mutual Benefits Assurance gained 6.52 per cent to close at 49k per share.
Conversely, Consolidated Hallmark Insurance drove the losers’ chart in percentage terms by 8.96 per cent to close at 61k per share.
Unity Bank followed with 3.51 per cent to close at 55k, while Sterling Bank shed 1.91 per cent to close at N1.54 per share.
International Breweries dipped 1.82 per cent to close at N5.40, while Linkage Assurance shed 1.79 per cent to close at 56k per share.
Meanwhile, the total volume of shares transacted decreased by 47.0 per cent as investors bought and sold 160.44 million shares valued at N1.39 billion exchanged in 3,260 deals.
This was in contrast with a turnover of 302.72 million shares worth N2.81 billion achieved in 4,387 deals on Wednesday.
Transactions in the shares of Wema Bank topped the activity chart with 27.24 million shares valued at N15.003 million.
Mutual Benefits Assurance followed with 21.393 million shares worth N10.51 million, while Zenith Bank traded 16.27 million shares valued at N382.13 million.
Sterling Bank traded 12.29 million shares valued at N18.84 million, while FBN Holdings transacted 7.92 million shares worth N57.12 million.

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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.

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