The stock market has continued its impressive run, closing on a note as investors made gains from trade.
Investors in the stock market of the Nigerian Exchange Limited (NGX) went home with ₦85 billion gain from Thursday’s trade.
Investors buying interest in United Capital Plc and 25 others made this huge gain possible.
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With this, the stock market maintained its bullish run as the NGX ASI gained 156.04 points or 0.22% to close at 72,455.83 points. Also, market capitalisation rose by ₦85 billion to close at ₦39.649 trillion.
The sectoral performance of the stock market showed that the NGX Banking Index added 1.9%, while the NGX Insurance dropped by 1.9%.
Conversely, the NGX Industrial Goods, NGX Consumer Goods, and NGX Oil & Gas indices closed flat.
Infinity Trust Mortgage Bank led the gainers with 9.83% to close at ₦2.57, while John Holt followed with a gain of 9.73% to close at ₦2.03, per share.
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Ikeja Hotels stocks rose by 9.20% to close at ₦4.75, while DAAR Communications and eTranzact International appreciated by 7.69% each to close at 42 kobo and ₦7.00 respectively, per share.
Conversely, R.T. Briscoe Nigeria led others on the losers’ chart with 9.84% to close at 55 kobo, per share.
UPDC Real Estate Investment Trust followed with a decline of 9.78% to close at ₦4.15, while Mutual Benefits Assurance shed 9.43% to close at 48 kobo, per share.
Omatek Ventures lost 7.79% to close at 71 kobo, while Sovereign Trust Insurance depreciated by 7.69% to close at 36 kobo, per share.
The total trade volume of the stock market rose by 3.09% to 446.583 million units, valued at ₦7.256 billion, and exchanged in 6,845 deals.
