Top consumer goods, telco shares help Nigerian stocks manage fragile recovery

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The market recorded a negative breadth, after 27 losers emerged against 12 gainers.

The all-share index inched up 7.42 basis points to 38,774.03, while market capitalisation advanced to N20.287 trillion.Jaiz Bank topped the gainers’ chart, appreciating by 10 per cent to close at N0.66. The Initiates garnered 9.52 per cent to end trade at N0.46.

Royal Exchange went up by 8.33 per cent to N0.39. Ardova leapt to N14.15, notching up 6.91 per cent in the process. Livestock completed the top 5, climbing up by 5.88 per cent to N1.76.Sterling Bank led losers, declining by 9.47 per cent to close at N1.53. Pharma Deko shed 9.46 per cent to end trade at N1.34. Prestige fell to N0.42, losing 8.70 per cent.

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