NGX sustains gains with 0.2% increase on key index

Investors in Nigeria’s equities market have gained additional 0.

2 percent on All-Share Index for the third consecutive day to close Thursday’s trading session amid bargain hunting.

 
 
The major market indicator, the All-Share Index, inched up by 78.

79 basis points, representing a 0.

2 percent increase to close at 41,129.

98 points compared to 41,051.

19 points recorded on Wednesday.

Consequently, the market capitalization of listed equities appreciated by N41 billion to close at N21, 432 trillion, showing a 0.

2 percent increase compared to the N21, 391 trillion of the previous day.

 
 
The three-day straight gains recorded by the local bourse was in line with analyst expectations for market this week despite a negative start on Monday.

 
 
The day’s trade volume was high as investors saw 908,059,073  million units of shares exchange hands in 5,151 deals.

The market sentiment, as measured by market breadth was positive with 21 gainers and 15 losers at the end of the trading session.

 
 
Champion Breweries Plc TRANSCOHOT led the gainers’ chart with a price gain of N0.

27k to close at N3.

05k.

AFRIPRUD followed with a price gain of N0.

50k to close at N6.

90k, while FBN Holdings gained N0.

80k to close at N11.

75k.

On the losers’ chart, LERANAFRICA
lost N0.

14k to close at N1.

26k.

Ecobank Transnational Inc.

followed with a closing price of N6.

90k after losing N0.

50k, while WAPIC lost N0.

03k to close at N0.

47k.

NGX sustains gains with 0.

2% increase on key index