In summary, the All-Share Index grew by 66.11 absolute points, representing an increase of 0.14 per cent to close at 47,394.53 points while the overall market capitalisation value gained N36 billion to close at N25.543 trillion.
Vetiva Dealings and Brokerage said: “With cross trades and corporate disclosure boosting today’s session, we expect to see market pick up from the positive close as investors continue to cherry pick attractive names across board.” On the other hand, Academy Press led the losers’ chart by 9.69 per cent to close at N1.77 kobo. R.T. Briscoe Nigeria followed with a decline of 9.57 per cent to close at 85 kobo, while Jaiz Bank declined by 5.19 per cent to close at 73 kobo, per share.
R.T. Briscoe Nigeria traded 12.647 million shares valued at N11.592 million, while ETI transacted 11.786 million shares worth N145.067 million. He said that though Nigeria will benefit from the attendant rise in crude oil price, the gains are likely to be lost to the imported inflation due to import dependence.