Nigerian stocks extend gain on demand for financial services stocks

Mansard appreciated by 9.87 per cent to N2.56. Pharma Deko added 9.79 per cent to end trade at N2.58. UPL went up by 9.76 per cent to N1.35. Consolidated Hallmark rose to N0.62, notching up 8.77 per cent. Eterna completed the top 5, climbing by 8.57 per cent to N7.60.Morison declined by 10 per cent to close at N1.89. NNFM shed 9.94 per cent to end trade at N7.70. Veritas fell to N0.21, losing 8.70 per cent. Cornerstone slumped to N0.53, recording 8.62 per cent depreciation.

Fidelity was the most active stock with 19 million of its shares worth N46.8 million traded in 169 deals. GTCO saw 18.3 million units of its shares, which were priced at N512.4 million exchange hands in 311 transactions. FBN Holdings had 18.1 million shares valued at N147.9 million traded in 200 deals. Universal Insurance traded 15.5 million shares estimated at N3.2 million in 14 transactions. Champion Breweries traded 14.2 million shares valued at N29.1 million in 10 deals.

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