NSE: Telecom gains help sustain Nigerian stocks' bull run

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The market posted a positive breadth as 35 gainers emerged against 21 losers.

All the sector indices closed high save for the Insurance Index which was down by 0.23 per cent at 128.30 basis points.Year to date, the index is up by 4.12%.Consolidated Hallmark led gainers, appreciating by 10% to close at N0.44. Guinea Insurance added up 10% to end today’s trade at N0.22. Fidson advanced by 9.90% to N5.55. Champion rose to N2.58, notching up 9.79% in the process. Lasaco completed the top 5, climbing up by 9.76% to N0.40.

72% to end today’s trade at N0.65. Caverton fell to N1.83, losing 9.41%. Universal Insurance slumped to N0.21, recording 8.70% depreciation. FTN Cocoa closed at N0.55, going down by 8.33%.Transcorp was the most active stock with 57.238 million of its stocks worth N61.017 million traded in 195 deals. 52.041 million units of Japaul Gold shares priced at N40.275 million exchanged hands in 221 transactions. Zenith had 47.162 million shares valued at N1.243 billion traded in 511 deals.

 

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