Nigerian stocks heaped up further gain on Friday, swelling 0.21 per cent and deriving drive from investor exuberance for the shares of United Capital and those of energy and consumer goods firms notably Total, Oando, Ardova, Guinness, Unilever, Cadbury, Vitafoam and Dangote Sugar.
Also supporting gains was the sweeping effect of a string of positive earnings news of firms like Cutix, United Capital and Total. Tier 1 lender, Zenith, announced an interim dividend plan Friday, the same day its board endorsed its half-year audited financial report, which is to be issued anytime from now once the central bank’s nod is in place. Zenith’s shares gained 0.81 per cent following the news.
, a measure of investors’ sentiment in the market, was broadly positive, with 30 gainers emerging relative to 11 laggards. The all-share index lifted 82.38 basis points to 38,667.90 points, while market capitalisation rose to N20.147 trillion.Universal Insurance led gainers, appreciating by 10 per cent to close at N0.22. Oando added 9.97 per cent to end trade at N3.97. Totalenergies advanced by 9.96 per cent to N203.20. Cutix rose to N4.81, notching up 9.82 per cent in the process. Guinness climbed up by 9.14 per cent to N31.65.UPL topped the losers’ chart, declining by 9.03 per cent to close at N1.41.
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