Nigerian stock market advances by 0.1% - Punch Newspapers

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The domestic bourse again on Thursday extended its positive trading, as the All-Share Index advanced by 61 points or 0.1 per cent to close at 46.965.48 against 46.904.48 recorded on Wednesday.

The market capitalisation also inched higher by N32.87 billion or 0.1 per cent to close at N25. 311 trillion from N25.279 trillion on Wednesday.

The market gain was driven by price appreciation in large and medium capitalised stocks amongst which are MTN , First Bank of Nigeria Holdings , Okumu Oil and Fidelity Bank. Also, the Insurance index recorded 0.5 per cent, making it the gainer of the day. The Industrial Goods and Oil and Gas indices closed flat.

Meyer Pharmaceutical topped the gainers’ chart in percentage terms by 10 per cent to close at 66k per share.

 

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