Market closes August trading upbeat as index rises by 0.07%

Precisely, the ASI increased by 17.76 absolute points, a growth of 0.07 percent to close at 25,327.13 points, while the market capitalisation gained N9 billion to close at N13.213 trillion.

Analysts at Afrinvest expect, “the soft demand to be sustained on the back of improved investor appetite.”However, market sentiment, as measured by the market breadth, was negative, as 17 stocks declined relative to 11 gainers. Mobil Nigeria recorded the highest price gain of 10 percent to close at N192.50, per share.

On the other hand, C&I Leasing led the losers’ chart by 10 percent to close at N3.60, per share. UACN Property Development Company followed with 7.61 percent fall to close at 85 kobo, and Red Star Express dipped 5.19 percent to close at N3.65, per share.

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