The Nigerian stock market on Thursday sustained its positive trend with the appreciation of the All Shares index, (ASI) which closed at 35,342.46 basic points representing 6.23 per cent upward from the 33,268.36 basic points of the previous day.
The market capitalisation appreciated by N1. 084 trillion or 6.23 per cent, closing at N18,467 trillion, upward from Wednesday’s figure of N17,383 trillion.
The market witnessed a turn over of 1,192 billion of shares, worth N17,395 billion in 10,704 deals.
The upward movement of stocks was due to the surge in the volume and value of shares of Dangote Cement, Nigerian Breweries, Presco Plc and AIRTEL Africa.
AIRTEL Africa and PRESCO Plc led the gainers with 10 per cent surge closing at N451. 2 and N79. 75 per share respectively.
Equities of Nigerian Breweries appreciated by 9.74 per cent to close at N63.1 per share, while Dangote Cement gained by 8.11 per cent to close at N200 per share. Also, Nestlé Nigerian Plc rose by 3.57 per cent to close at N1450 per share.
On the flip side, Eternal Plc, GSPEC Plc, May Baker Pharmaceuticals and Morrison lost by 9 per cent points to close at N4. 57, N4.19, N3. 25 and N0.49 per share respectively. While NEM completed the top 5 losers’ board, shedding 2.22 per cent to close at N2.2 per share.
Zenith Bank Plc dominated trading activity with 161,383,290 shares, worth N4,462 billion.
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