Gains in BUA foods, 27 stocks lift capitalisation further by N28 billion | The Guardian Nigeria News - Nigeria and World News

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Transactions on the equities sector of the Nigerian Exchange (NGX) market capitalisation increased by N28 billion yesterday, amid sustained bargain hunting in BUA foods and 27 stocks.

Specifically, the All-Share Index increased by 42.71 absolute points, representing a growth of 0.10 per cent to close at 43,897.13 points.The upturn was impacted by gains recorded in large and medium capitalised stocks, amongst which are; Dangote Cement, BUA Foods, MRS Oil Nigeria, Vitafoam Nigeria and PZ Cussons Nigeria.

“We foresee another mixed sectoral performance, as investors continue to snap up attractive counters.” Market sentiment, as measured by the market breadth, was positive, as 28 stocks gained relative to 19 losers. On the other hand, Northern Nigeria Flour Mills led the losers’ chart by 9.66 per cent, to close at N6.55 kobo. United Bank for Africa followed with a decline of 6.90 per cent to close at N5.40 kobo, while Red Star Express lost 6.38 per cent to close at N3.23 kobo.

 

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