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Equities Market Opens Week Bullish, Gains N213bn

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Trading activities in the domestic equities market yesterday gained N213 billion to start this week on a positive note, supported by investors’ demand for BUA

The All-Share Index gained 388.83 points, representing a gain of 0.59 per cent to close at 66,770.97 points. Also, market capitalisation rose by N213 billion to close at N36.544 trillion.

This week, United Capital Plc said: “we expect to see investors taking positions in anticipation of the Q3, 2023 earnings season. Investors will continue cherry-picking activities around fundamentally sound stocks with a preference to companies that have posted strong results in the first half of the year.”

Oando rose by 9.55 per cent to close at N8.60, while UACN appreciated by 8.50 per cent to close at N10.85, per share. On the other side, Linkage Assurance led others on the losers’ chart with 10 per cent to close at 72 kobo, per share. CWG followed with a decline of 9.94 per cent to close at N7.79, while Red Star Express shed 9.86 per cent to close at N2.65, per share.Tantalizer depreciated by 9.38 per cent to close at 29 kobo, while UPDC Real Estate Investment Trust dipped by 8.

 

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