Nigerian Stock Market closes positive for the week after days of bearish returns

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Ahead of a public holiday next week Monday, the Nigerian Stock Market closed for the week on a positive note, as the market indices rose by 0.50 percent, after days of negative turnovers.

Specifically, the All share index rose by 130.25 points to close at 26,318.49 compared with 26,188.24 achieved yesterday, while the market capitalisation increased by N44 billion to close at N12.809 trillion.

Guaranty Trust Bank led the gainers’ table with N1.60 to close at N28.60 per share, followed by Cement Company of Northern Nigeria with N1.10 to close at N17.50, while Access Bank garnered 80k to close at N9.20 per share.

On the negative end, Dangote Cement topped the losers’ chart, declining by N2.10 to close at N145.80 per share, trailed by Unilever with N2.05 to close at N19.60, while CAP dipped N1.25 to close at N24.30 per share.

MTN Nigeria was down by N1 to close at N122, while International Breweries dropped by 85k to close at N9.40 per share.

Zenith Bank was the most active stock, trading 127.29 million shares worth N2.20 billion.

In all, investors traded 432.47 million shares valued at N5.58 billion transacted in 4,002 deals.




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