Tuesday, September 21, 2021

    MTNN, ZenithBank and 16 others sustain equity market rally with marginally gain of 0.02%

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    Naija247news Editorial Teamhttps://www.naija247news.com/
    Naija247news is an investigative news platform that tracks news on Nigerian Economy, Business, Politics, Financial and Africa and Global Economy.

    Investors in the Nigeria equity market sustained the previous day’s positive rally, closing the trading week with a marginal growth of 0.02%.

    The positive sentiment follows the investors’ appetite on MTNN, ZENITHBANK, FLOURMILL and 15 others.

    As a result, the market performance indicators (All-Share Index and Market Cap.) increased by 8.47bps and ₦4.42 billion, representing 0.02% to close at 39,485.65 and ₦20.57 trillion, respectively.

    → Similarly, market activities closed positively, with both the volume and value of stocks traded on the exchange appreciating by 24.97 percent and 3.18 percent, respectively.

    A total of 232.85 million units of shares valued at ₦1.85 billion were traded in 3,351 deals.

    TRANSCORP led the volume chart, accounting for 19.38 percent of the total volume of trades, followed by MBENEFIT (12.57%), GTCO (9.49%), ZENITHBANK (7.02%), and ETRANZACT (5.94%) to complete the top five on the volume chart.

    GTCO led the value chart with 33.19 percent of the total value of trade on the exchange.

    → MORISON topped the gainers’ list with price appreciation of 9.47 percent, while UNILEVER led the losers’ table with its share price declining by 10.00 percent to close at ₦13.5 after opening the day at ₦15.00.

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