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21 Equities Push Nigerian Stock Market To N52b Rise

By Modupe Gbadeyanka

Equity transactions on the floor of the Nigerian Stock Exchange (NSE) maintained its bullish run on Thursday with the stock market recording a gain of N52 billion. This showed that the market has extended its upward streak to six straight days.

The all share index today advanced further by 0.57 percent to close at 26,559.01 points after gaining 151.37 points, while the market capitalisation appreciated by N52 billion to end at N9.138 trillion.

At the stock market on Thursday, Seplat led the other 20 appreciating stocks after going up by N10 to close at N410 per share.

Also, Guinness rose by N2 to finish at N77.60k per share; GTBank advanced by N1.9k to close at N25.60k per share, ETI went up by 53k to end at N11.15k per share, while Stanbic IBTC gained 51k to finish at N15.1k per share.

However, 12 equities suffered losses at the market led by Mobil, which fell by N14.95k to finish at N284.5k per share, while Total trailed with a loss of N12.77k to close at N277.13k per share.

In the same vein, Nigerian Breweries slumped by N1.5k to end at N142 per share, Okomu Oil depreciated by 39k to close at N40.13k per share and Forte Oil declined by 32k to finish at N128.78k per share.

In addition, 18 equities closed the session on flat prices at the stock market on Thursday.

Collectively, investors traded 200 million shares valued at N1.5 billion in 3,313 deals compared with a total of 205 million shares worth N4.3 trillion that exchange hands in the previous day in 3,275 deals.

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Modupe Gbadeyanka is a fast-rising journalist with Business Post Nigeria. Her passion for journalism is amazing. She is willing to learn more with a view to becoming one of the best pen-pushers in Nigeria. Her role models are the duo of CNN's Richard Quest and Christiane Amanpour.

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