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Nigerian stocks climb by N237 billion as big-cap stocks strengthen gains

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The all-share index jumped 454.40 points to 41,704.11, while market capitalisation rose to N21.8 trillion at the end of trade.

Cutix appreciated by 10 per cent to N5.50. NGX Group added 9.79 per cent to end trade at N23.55. Consolidated Hallmark went up by 9.09 per cent to N0.60.

Nigerian Breweries advanced to N51.45, notching up 7.41 per cent in the process. BUA Cement completed the top 5, climbing by 6.12 per cent to close at N72.The Initiates led laggards, declining by 8.51 per cent to N0.43. Neimeth shed 4.86 per cent to close at N1.76. Universal Insurance fell to N0.20, losing 4.76 per cent. NAHCO dipped to N3.47, recording 3.61 per cent depreciation. Unity Bank closed at N0.55, going down by 3.51%.Altogether, 216.2 million shares estimated at N10.216 billion were traded today in 6,703 deals.

FBN Holdings was the most active stock, with 51.9 million units of its stocks worth N628.3 million traded in 454 deals. ETI traded 20 million shares priced at N143.7 million in 106 transactions. Transcorp saw 14.6 million units of its shares, valued at N15 million exchange hands in 128 deals. Access traded 13 million shares estimated at N124.2 million in 171 transactions. Fidelity traded 12.5 million shares valued at N34.2 million in 135 deals.

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