Home Life Style Customers’ curiosity in MTN boosts market capitalisation by 1.99%

Customers’ curiosity in MTN boosts market capitalisation by 1.99%

by Good News

Good News –

Thursday, Also can 12, 2022

Trading flooring and MTN Nigeria

Bullish sentiment returned to the Nigerian stock market on Wednesday, following investors’ curiosity in MTN Nigeria.

Specifically, the market capitalisation garnered N556.93 billion or 1.99 per cent to end at N28.735 trillion from N27.928 trillion on Tuesday.

Also, the All-Part Index developed by 1,033.04 aspects or 1.99  per cent to end at 52,838.45 in opposition to 51,805.41 achieved on Tuesday.

Accordingly, the 365 days-to-date returns increased to 23.70 per cent.

The upturn used to be impacted by features recorded in the opposite sectors, including ARDOVA, Dangote, Cement, Cadbury, Guarantee Trust Preserving Firm (GTCo).

Sectoral performance used to be obvious as most indices won.

The User Items rose by 1.5 per cent Industrial Items 1.4 per cent,  Insurance 0.9 per cent, Oil and Gas 0.1 per cent, whereas the Banking index closed flat.

General, the market used to be obvious with 43 gainers relative to 27 losers.

CWG and Okomu Oil drove the gainers’ chart in share terms by 10 per cent each and every to end at 99okay and N205 per piece, respectively.

Champion followed with a manufacture of 9.93 per cent to end at N4.43, whereas MCNicholas rose by 9.90 per cent to end at N1.11 per piece.

IMG went up by 9.88 per cent to end at N9.45.

Alternatively, Bua Meals  and Ikeja Hotel led the losers’ chart in share terms by 10 per cent to end at N56.70 and N1.17 per piece, respectively.

Eterna Oil followed with 9.92 per cent to end at N6.54 per piece.

NPF Microfinance shed 9.50 per cent to end at N9.05 whereas RTBriscoe misplaced 8.70  per cent each and every to end at 63okay per piece.

Also, the total quantity traded rose by 45.58 per cent to 417.39 million gadgets valued N7.33 billion and exchanged in 7, 255 gives.

Transactions in the shares of Jaiz Financial institution topped the activity chart with 40.44 million shares valued N34.92 million.

Transcorp followed with 35.37 million shares worth N42.62 million, whereas International Breweries traded 25.35 million shares valued  N224.91 million.

Unilever traded 24.64 million shares valued N362.62 million, whereas Constancy Financial institution transacted 20.99 million shares worth N74.13 million. 

(NAN)

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