Nigerian stocks rally despite chances of upward rate adjustment

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The all-share index closed at 38,722.87 points while market capitalisation lifted to N20.260 trillion.

Stanbic IBTC led gainers, appreciating by 10 per cent to close at N44. Julius Berger added 10 per cent to end trade at N18.70. UACN advanced by 6.67 per cent to N8. John Holt rose to N0.49, notching up 6.52 per cent in the process. International Breweries completed the top 5, climbing up by 5.88 per cent to N5.40.Champion Breweries topped the losers’ chart, declining by 8.20 per cent to close at N2.24. Jaiz Bank shed 4.48 per cent to end trade at N0.64.

Japaul fell to N0.47, losing 4.08 per cent. UBA slumped to N6.90, recording 3.50 per cent depreciation. Consolidated Hallmark Insurance closed at N0.30, going down by 3.23 per cent.

 

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