The Nigerian Stock Exchange Limited recorded positive gains on Thursdayas the All-Share Index appreciated by 0.99 per cent to close at 74,502.58 points.
Equities gained N402 billion as the market capitalization closed at N40.769 trillion, an appreciation from yesterday’s N40.367 trillion.
Market turnover declined as the total volume traded was 384.576 million units, down from yesterday’s 432.91 million units. There was also a decline in traded value to N5.67 billion from yesterday’s N16.59 billion.
Top gainers are IKEJAHOTEL, +10.00 per cent to close at N5.00, MULTIVERSE, +9.96 per cent to close at N15.36, JBERGER, +9.94 per cent to close at N36.20, IMG: +9.87 per cent to close at N11.15, MCNICHOLS: +9.86 per cent to close at N0.71.
Conversely, the top losers are UACN, -10.00 per cent to close at N12.15, JOHNHOLT, -9.73 per cent to close at N2.32, DEAPCAP: -9.37 per cent to close at N0.58, RTBRISCOE, -8.96 per cent to close at N0.61 and UCAP, -7.53 per cent to close at N22.10.
Meanwhile, regarding Top Traded Stocks in terms of volume, JAIZBANK (+6.32 per cent) led with 49.40 million units, followed by ZENITHBANK (+0.53 per cent) with 27.94 million units, ACCESSCORP (-0.22 per cent) with 23.42 million units, VERITASKAP (+8.82 per cent) with 21.69 million units, and TRANSCORP (-1.12 per cent) with 19.40 million units.
Concerning value, ZENITHBANK (+0.53 per cent) led with N1.055 billion, followed by MTNN (+4.58 per cent) with N792.51 million, ACCESSCORP (-0.22 per cent) with N539.24 million, UBA (-1.57 per cent) with N367.41 million, and GTCO (-0.50 per cent) with N291.16 million.
Accordingly, trading was quite positive for stocks worth over N1 trillion, as MTNN (+4.58 per cent), DANGCEM (+2.20 per cent), and ZENITHBANK (+0.53 per cent) recorded price gains, while GTCO (-0.50 per cent) recorded a price decline. However, other category members (BUACEMENT, BUAFOODS, SEPLAT, and AIRTELAFRI) recorded no price change.
For tier-1 banks, the trading sentiment was negative as ACCESSCORP (-0.22 per cent ), UBA (-1.57 per cent), FBNH (-0.84 per cent) and GTCO (-0.50 per cent) recorded price declines, while ZENITHBANK (+0.53 per cent) recorded a price gain.
