The inventory market reversed losses by 0.31 per cent on Thursday, recording N279 billion achieve for buyers.
That is coming after 4 consecutive classes of losses.
The uptrend was pushed by improved cut price searching and renewed buyers curiosity in shares like: Mecure Industries, Oando, Mc Nicholas, CHAMS, Legend Web and 29 different shares.
Particularly, the market capitalisation, which opened at N89.063 trillion, added N279 billion to shut at N89.342 trillion.
Equally, the All-Share Index soared by 0.31 per cent or 432.94 factors, settling at 141,149.04 in contrast with 140,716.10 recorded on Wednesday.
Additionally, the market breadth closed constructive with 34 gainers towards 22 lossers.
Mecure Industries led the advancers’ desk by 9.89 per cent, closing at N26.10.
Oando trailed by 9.50 per cent, ending the session at N49 whereas Mc Nicholas climbed by 9.31 per cent, settling at N3.64 per share.
CHAMS rose by 9.24 per cent, ending at N3.43 and Legend Web gained by 9.18 per cent, closing at N5.35 per share.
On the flip facet, Eterna led the decliners’ desk by 10 per cent, settling at N27.90.
Sovereign Belief Insurance coverage adopted, shedding by 4.84 per cent, closing at N2.95 and The Initiates fell by 3.84 per cent, ending the session at N12.02 per share.
Caverton Offshore Assist Group dipped by 3.76 per cent, ending at N6.40 whereas Fidson misplaced by 3.72 per cent, closing at N41.40 per share.
An analysis of the market exercise revealed improve available in the market quantity and worth and a decline in transactions.
A complete of 5.5 billion shares valued at N419.7 billion have been traded throughout 20,399 transactions, in comparison with 442.6 million shares price N16.9 billion that exchanged palms in 21,684 transactions earlier on Wednesday.
In the meantime, Aradel Holdings led the market chart in quantity and worth with 693.3 million shares valued at N388.2 billion.
Consolidated Hallmark Holdings adopted with 333.3 million shares price N1.3 billion whereas Sterling Nigeria traded 104.9 million shares valued at N771.8 million.
Zenith Financial institution transacted 45.5 million shares price N3.14 billion and Unity Financial institution offered 4 million shares valued at N12.7 billion. (NAN)
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