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Stock Market Indices Rise by 0.12%

By Modupe Gbadeyanka

The Nigerian Stock Exchange (NSE) opened the week on Monday on a positive note when it close northward by 0.12 percent.

The market breadth also finished positive today with 16 equities appreciating in price in contrast to 12 stocks that crashed at the close of activities.

The All-Share Index (ASI) improved by 30.24 points to close at 25,485.17 points, while the market capitalisation advanced by N11.2 billion to finish at N8.818 trillion with the YTD return ending at -5.17 percent.

The top gainers today was led by 7up after appreciating by N3.99k to close at N80 per share, while Unilever grew by N1.60k to finish at N33.90k per share.

PZ Cussons advanced by 60k to finish at N14.59k per share, Stanbic IBTC progressed by 29k to end at N18 per share and UBA rose by 11k to close at N5.50k per share.

On the flip side, Lafarge depreciated by N1.11k to finish at N39.90k per share, while Ecobank went down by 18k to end at N9 per share.

Champion Breweries lost 12k to close at N2.28k per share, Fidelity Bank slumped by 4k to end at 77k per share, while United Capital also declined by 4k to finish at N2.66k per share.

At the end of trading activities, Business Post reports that investors staked N2.5 billion on a total of 561.5 million shares in 3,032 deals.

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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