Stock market ends four-day decline, gains N22bn

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The gains recorded by Nestle Nigeria Plc, Cadbury Nigeria Plc and eight other quoted companies helped the nation’s stock market to halt its four-day losing streak.

The Nigerian Stock Exchange All-Share Index and market capitalisation rose by 0.17 per cent to close the trading session on a positive note as the bulls regained control in the market.

The market capitalisation of equities appreciated by N22bn to close at N13.03tn from N13.01tn as market sentiment turned positive.The premium subsector was the most active , with 64.39 million shares traded by investors in 1,210 deals. The banking subsector was boosted by activities in the shares of Guaranty Trust Bank Plc and Fidelity Bank Plc, with a turnover of 51.49 million shares in 485 deals.

 

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