Bargain hunting in AFRIPRUD, 20 stocks lift capitalisation by N32 billion | The Guardian Nigeria News - Nigeria and World News

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Following a sustained rally ahead of the 2022 full-year repositioning, the Nigerian Exchange Limited (NGX), closed in an upbeat yesterday, as bargain hunting in Africa Prudential (AFRIPRUD) Plc and 20 stocks lifted market capitalisation further by N32 billion.

Yesterday, the All Share Index rose by 59.25 absolute points, representing a gain of 0.12 per cent to close at 49,475.43 points.

Analysts at Afrinvest Limited said: “In the penultimate trading session for the week, we anticipated the bullish performance would be sustained in the absence of any negative catalyst.” Champion Breweries went up by 4.88 per cent to close at N4.3, while Chams appreciated by 4.76 per cent to close at 22 kobo. On the other hand, Japaul Gold & Ventures led the losers’ chart by 3.7 per cent to close at 26 kobo, per share.

 

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