NSE: Nigerian stocks rise for fifth straight day on bellwether gains

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Market breadth was significantly positive as 49 equities emerged compared to seven losers.

Edging up by 1.54 per cent, the All Share Index closed at 40,963.14 basis points. In the same vein, market capitalisation climbed to N21.419 trillion.Champion Breweries led gainers, strengthened by potential takeover bid of its majority shareholder Heineken B.V., growing by 9.82 per cent to close at N1.23.

gained 9.72 per cent to close at N17.50. Japaul Gold rose by 9.45 per cent to N1.39. Mansard leapt to N1.51, notching up 9.42 per cent in the process. Ardova completed the top 5, climbing up by 9.25 per cent to N21.85.Courtville topped the losers’ table, declining by 8.33 per cent to close at N0.22. Neimeth shrank by 6.36 per cent to end the day at N2.06. Union Diagnostic fell to N0.31, losing 3.12 per cent. Jaiz Bank dipped to N0.70, recording 2.78 per cent loss. John Holt closed at N0.

 

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