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Domestic equities market closes on positive note, up by 0.45%

Domestic equities market closes on positive note, up by 0.45%
August 08
08:20 2020

The Nigerian Stock Exchange (NSE) ended the week’s trading session on a positive note, as the all-share index (ASI) rose by 0.45 percent to close at 25,041.89 basis points (bps).

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This was against Thursday’s trading session which closed at 24,930.34 points.

The market capitalisation increased by 0.45 percent to close at N13.063 trillion, while, year-to-date (YTD) loss eased to -6.71 percent.

In all, a total of 167.14 million shares valued at N2.01 billion were exchanged in 4,036 deals.

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This was in contrast to a turnover of 173.75 million shares worth N2.13 billion traded in 3,646 deals on Thursday.

Performance across the top five NSE stocks was bullish as 4 of 5 indices maintained a positive trend.

The oil & gas and banking indices advanced by 0.08 percent and 2.38 percent respectively.

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Also, the consumer goods and industrial indices rose by 0.42 percent and 0.02 percent respectively.

Meanwhile the insurance index led laggards with a decline of 0.53 percent.

Market breadth strengthened as 22 stocks advanced against the 5 decliners.

The top gainers were Value Fund (9.98 percent); Guinness (4.44 percent); Dangote Sugar (3.48 percent); Okomu Oil (2.74 percent); and Guaranty Trust Bank (2.53 percent).

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Top losers were UAC (-9.49 percent); Consolidated Hallmark Insurance (-8.89 percent); Jaiz Bank (-3.39 percent); AIICO Insurance (-3.23 percent); and Transcorp (-1.61 percent).

The domestic equities market, against all odds, finished five straight days on a bullish note.

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