Stock market extends weekly gains by N160bn

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Trading activities on the floor of the Nigerian Stock Exchange sustained positive sentiment last week as the NSE All-Share Index and market capitalisation appreciated by 1.

17 per cent to close at 25,605.64 and N13.36tn respectively.

A total turnover of 2.21 billion shares worth N10.96bn in 18,013 deals were traded last week by investors on the floor of the Exchange, in contrast to a total of 1.07 billion shares valued at N7.38bn that exchanged hands the previous week in 16,684 deals. Trading in the top three equities, namely UACN-Property Development Company Plc, Zenith Bank Plc and LASACO Assurance Plc , accounted for 1.23 billion shares worth N3.24bn in 2,148 deals.

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