lifted by 0.27 per cent on Thursday as an investor preference for large-cap stocks in sectors as disparate as oil and gas, food & beverages and financial services drove gains.
The size of trade shrank by as much as 33 per cent when compared with the quantity of shares that exchanged hands at the preceding session, and the day’s positive performance owed its debts to appreciation recorded by Total, Guinness, NGX Group and Flour Mills. Market breadth, which gauges the depth of investors’ sentiment towards trade, was positive as 31 advancers were reported compared to 9 laggards.
The broad index edged up 129.11 basis points to 47,286.34, while market capitalisation rose to N25.5 trillion.Guinness led advancers, appreciating by 10 per cent to N55. Total climbed up by 9.92 per cent to N264.90. UPDC added up 9.90 per cent to end trade at N1.11. C&I Leasing advanced by 9.09 per cent to N0.36. RT Briscoe rose to N2.65, notching up 8.16 per cent.Veritas Capital topped the losers’ chart, declining by 4.35 per cent to close at N0.22. Union Bank went down by 3.
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