Stock Market Slips Away from Bear Grip as NSE Index Gains 0.31%

Trading on the Nigerian Stock Exchange, NSE, traveled north for the first time on Thursday, January 7, after the market opened the year with three days consecutive loss.

The All Share Index leaped by 0.31 per cent to close at 27,266.18 points from 27,180.76 on Wednesday while market capitalization also soared from N9.348 trillion to N9.377 trillion.

Etranzact led the gainer table of six stocks with the highest gain of N0.15 gain or 4.93 per cent to N3.19 followed by Okomu Oil with a gain of N1.52 or 4.83 per cent to close at N33 followed by Dangote Cement that gained N6.55 or 4.27 per cent to close at N159.98 per share.

On the other hand, Skye Bank topped 30 stocks on the losers’ chart with N0.12 loss or 8.82 per cent to close at N1.24 followed by Unity Bank that lost 0.09 or 8.82 per cent to close at N0.93 per share, and FCMB that lost N0.08 or 5 per cent to close at N1.52 per share.

All together, a total of 166,390,459 shares worth N1.658 billion exchange hands in 2,917 deals.