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24 Stocks Lead Nigerian Equity Market to N32.6b Gain

By Modupe Gbadeyanka

The Nigerian Stock Exchange (NSE) closed transactions for the day on Thursday with a gain of N32.6 billion.

The Financial Services sector dominated the activity chart on Thursday in terms of volume transacted.

FCMB, Zenith Bank, First Bank, GTBank and Diamond Bank all led the top five most traded equities accounting for a total of 55.4 million shares transacted at N485 million.

In all, investors traded 117.4 million shares on the floor of the NSE today executed in 2,392 deals valued at N878 million.

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Looking at the market indicators, the all-share index went up by 94.68 points or 0.35 percent, while the market capitalisation improved by N32.6 billion to close at N9.2 trillion.

Twenty-four stocks appreciated in price on Thursday against 20 equities that declined in value and nine stocks that stayed flat.

Total Plc led the gainers’ chart after going up by N11.88k to close at N299 per share, while Seplat rose by N9.49k to end at N379.99k per share.

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Also, GTBank jumped by N1.35k to finish at N24.74k per share, Okomu Oil improved by 65k to end at N40.17k per share and Ashaka Cement gulped 57k to close at N12.2k per share.

On the other end, Forte Oil fell by N10.7k to lead the top declining stocks, closing at NN93.54k per share, while Mobil trailed with a loss of N2 to finish at N290 per share.

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Likewise, Stanbic declined by 66k to end at N15 per share, Access Bank depreciated by 19k to finish at N5.78k per share, while Air Service sank by 12k to close at N2.43k per share.

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Modupe Gbadeyanka is a fast-rising journalist with Business Post Nigeria. Her passion for journalism is amazing. She is willing to learn more with a view to becoming one of the best pen-pushers in Nigeria. Her role models are the duo of CNN's Richard Quest and Christiane Amanpour.

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