Nigerian stocks found resilience on Thursday as the benchmark index strengthened 0.07 per cent the same day the statistics officeThe report showed an impressive growth at 5.01 per cent and boosted optimism that the economy could attain its pre-pandemic level earlier than forecasted.
Eterna, UPDC and Honeywell led the charge, with the insurance index providing support at sector level, rising 2.33 per cent. , which measures investor sentiment, was positive as 27 gainers emerged compared to 12 losers, the rest 65 participating stocks did not budge. The all-share index lifted 27.36 points to 39,477.18. Similarly, market capitalisation climbed to N20.6 trillion.Eterna led gainers, appreciating by 9.97 per cent to close at N7.50. UPDC added 9.74 per cent to end today’s trade at N1.69. AIICO went up by 8.42 per cent to N1.03. GSK rose to N6.80, notching up 7.94 per cent in the process. Honeywell completed the top 5, climbing by 7.45 per cent to N3.46.
I'm sure this won't get the needed traction because it's not a bad news.
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Nigerian stocks shed N6 billion on risk-off sentiment towards bank sharesBank stocks led by GTCO and Zenith drove the pullback, the day’s loss coming to N6 billion.
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