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Renewed bargain-hunting push market index by 0.29%

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Specifically, at the close of trading Monday, the ASI increased by 72.39 absolute points or 0.29 per cent to close at 24,766.12 points. Similarly, the market capitalisation rose by N37 billion to close at N12.919 trillion. StockMarket Nigeria

commenced trading for the week on the positive note yesterday, causing the All Share Index to appreciate by 0.29 per cent.

Analysts at United Capital Plc said the outcome of more first half 2020 earnings results would continue to spur market reactions. Market breadth closed positive, with 19 gainers versus 16 losers. Neimeth International Pharmaceuticals recorded the highest price gain of 10 per cent to close at N1.65 per share.

On the other hand, UAC of Nigeria led the losers’ chart by 10 per cent to close at N6.30 per share. Aiico Insurance followed with 9.57 per cent to close at 85 kobo, and Sunu Assurances Nigeria lost 9.09 per cent to close at 20 kobo, per share.

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