Telecom stocks reach record high, Nigerian stock market value hit N22 trillion

NIGERIAN bourse sustains the bulls today as the All-Share Index advanced further by 0.83% to close the day’s trading at 41,930.73 index points.

Consequently, the Nigerian Stock Exchange Year-to-Date Return stood at 4.08% to print market capitalization at N21.934 trillion.

• Activity level was impressive as volume and value of trades increased. A total of 543 million units of shares valued at N7.321 billion exchanged hands in 6,770 deals.
• Transnational Corporations continued to trend as the most traded stock with regards to volume with 57.2 million shares, while ZENITHBANK topped by value at N1.24 billion.
• With 35 gainers to 21 losers, sectoral indices were mostly positive.

Top gainers

• WAPCO up 7.27% to close at N29.5
• JBERGER up 5.64% to close at N20.6
• DANGSUGAR up 2.49% to close at N20.6
• MTNN up 2.40% to close at N175
• AIRTELAFRI up 1.09% to close at N930

Top losers

1. SKYAVN down 10.00% to close at N2.88
2. CAVERTON down 9.41% to close at N1.83
3. ARDOVA down 2.44% to close at N18
4. UBN down 3.39% to close at N5.7
5. ETI down 2.29% to close at N6.4

Outlook