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NSE Index Bounces Back With 0.44% Leap

NSE Stock Market

By Modupe Gbadeyanka

The Nigerian Stock Exchange (NSE) stopped its three-day losing streak at the end of trading on Thursday. This brought a relief to many stock market investors.

The stock market recorded a gain of N41.322 billion on Thursday against N26.5 billion it lost on Wednesday this was also the case with the all-share index, which jumped by 0.44 percent today to close at 27,598.34 points, showing a gain of 120.3 points.

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Business Post correspondent reports that the market capitalisation, which ended yesterday at N 9.438 trillion, finished today at N9.479 trillion.

A total of 16 stocks appreciated at the close of activities on Thursday, while 14 equities recorded various slumps.

Seplat topped the gainers’ chart today with a gain of N7 to close at N368 per share, GTBank trailed by gaining N1.19k to finish at N24.49k per share, while Guinness added by N1.9k to end at N80 per share.

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Mobil finished fourth with an appreciation of N1 to close at N187 per share and International Breweries finished at N19.95k per share after taking up 95k.

At the other end, ETI lost 40k to close at N10.13k per share, leading the losers’ chart.

It was closely followed by Dangote Sugar, which shed 14k to finish at N6.26k per share, NAHCO fell by 13k to close at N2.92k per share, AFRIPRUD     also dipped by 13k to end at N2.56k per share, while Custodian and Allied Insurance Plc (CUSTODYINS) went down by 9k to close at N3.71k per share.

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Investors traded 111.898 million shares today at the stock market in 2,699 deals valued at N4.012 billion.

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Dipo Olowookere is a journalist based in Nigeria that has passion for reporting business news stories. At his leisure time, he watches football and supports 3SC of Ibadan.

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