Nigeria stock market advances by N26bn

Specifically, the market capitalisation closed higher at N13.005 trillion compared with N12.979 trillion recorded on Wednesday.

Analysts at Afrinvest Limited said that “following four consecutive bullish sessions and profit-taking witnessed earlier, we could see profit-taking activities drag market performance in the next trading session.Market sentiment, as measured by the market breadth, was positive with 20 gainers and 10 losers.

Eterna rose by 4.40 per cent to close at N1.90, while UACN Property Development appreciated by 4.35 per cent to close at 96k per share. Japaul Oil & Maritime Services lost 4.55 per cent to close at 21k, while May and Baker Nigeria shed 3.45 per cent to close at N2.80 per share.

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Stock market advances with N40bn gainConsequently, the All-Share Index rose by 75.82 basis points or 0.31 per cent to close at 24,841.94 index points as against 24,766.12 recorded the previous day.
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