Nigerian stocks gain N431.9 billion, lifted by strong corporate results

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NGX 30, the index that tails the 30 biggest stocks on the exchange, climbed 0.82 per cent to its summit since March 12, 2018.

The all-share index was up by 801.18 basis points at 49,638.9. Similarly, market capitalisation advanced to N26.8 trillionNEM grew by 10 per cent to N4.40. Academy Press gained 9.7 per cent to close at N1.47. Cadbury rose by 9.63 per cent to N10.25.Champion Breweries leapt to N2.52, notching up 9.6 per cent in the process. Julius Berger completed the top 5, climbing up by 9.35 per cent to N30.4.NPF MFB declined 10 per cent to N1.98. Trans-Nationwide Express fell to N0.81, losing 9 per cent.

Eterna dipped to N6.02, recording 7.4 per cent loss. Cornerstone Insurance closed at N0.59, going down by 4.8 per cent. Honeywell shrank by 4.4 per cent to end the day at N16.20.Transcorp was the most preferred stock today with 36.1 million units of its shares worth N42.2 million traded in 203 deals. AIICO had 27.1 million units of its shares priced at N20.9 million exchanged hands in 146 transactions.

FCMB had 22.1 million shares valued at N84.6 million traded in 112 deals. FBN Holdings traded 16.5 million shares estimated at N197 million in 150 transactions. Access Holdings traded 15.5 million shares valued at N150.5 million in 318 deals.

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