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Nigerian stocks inch up on Vitafoam, United Capital, Wema gains

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Market breadth, which measures investors’ sentiments, was broadly positive as there were 22 advancers in contrast to 10 losers.

The all-share index expanded 5.47 basis points to 37,952.65, while market capitalisation closed higher at N19.774 trillion.Eterna led gainers, appreciating by 10 per cent to close at N7.15. UPL went up by 9.93 per cent to N1.55. Cutix rose to N3.99, notching up 9.92 per cent in the process. Regal Insurance added 8.89 per cent to end today’s trade at N0.49.

Learn Africa completed the top 5, climbing by 8.76 per cent to N1.49.FTN Cocoa was the worst-performing stock, declining by 7.32 per cent to close at N0.38. Sovereign Trust shed 6.06 to close at N0.31. ETI fell to N5.10, losing 3.77 per cent. Sterling Bank slumped to N1.51, recording 3.21 per cent depreciation. Union Bank closed at N5.45, going down by 2.68 per cent.

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