Investors’ sustained interest in MTN Nigeria, Zenith Bank, and FBN Holdings, among other key stocks, drove the Nigerian Exchange Ltd. market capitalization to a gain of N270 billion or 0.48 per cent. Specifically, the market capitalization, which opened at N55.708 trillion, closed at N55.978 trillion. The All-Share Index also advanced by 0.48 per cent,…Investors’ sustained interest in MTN Nigeria, Zenith Bank, and FBN Holdings, among other key stocks, drove the Nigerian Exchange Ltd.
On the gainers table, ABC Transport, Eterna Plc, Julius Berger, and United Capital led by 10 per cent each to close at 77k, N19.80, N110 and N15.95 per share respectively.On the other hand, Union Dicon Salt led the losers’ table by 9.88 per cent to close at N7.30, UPL trailed by 8.97 per cent to close at N2.18 per share.
A total of 477.44 million shares valued at N8.17 billion were exchanged in 9,529 deals, against 791.78 million shares valued at N15.13 billion exchanged in 9,059 deals posted in the previous session. Manufacturers have cried out that, in the last six months, they have incurred over N1.5 trillion in forex-related transaction losses.
The newly appointed Director-General of the National Pension Commission , Omolola Oloworaran has assumed duties with a pledge to explore new frontiers in the implementation of the Contributory Pension Scheme .