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Nigerian stocks near year-to-date high on positive sentiment

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Central to Friday’s performance was Ecobank Transnational Incorporated and FBN Holdings.

Nigerian stocks appreciated 0.14 per cent on Friday, leading up to another week of positive return as optimism in respect of third quarter financial reports lifted shares’ prices.

Also strengthening gains was the oil and gas index, which made the most advance of the five sector indexes at 2.48 per cent. The all-share index expanded by 59.15 points to 41,763.26 points, while market capitalisation closed lower at N20.3trillion.Cutix led gainers, appreciating by 10 per cent to close at N6.05. Unilever went up 9.85 per cent to N14.50. ABC Transport rose to N0.34, notching up 9.68 per cent in the process.

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Nigerian stocks climb by N237 billion as big-cap stocks strengthen gainsThe all-share index jumped 454.40 points to 41,704.11, while market capitalisation rose to N21.8 trillion at the end of trade.
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