Stock Market Retains Bullish Momentum as Index Rises By 0.59%

Transactions on the floor of the Nigerian Stock Exchange, NSE, closed Friday, January 22, on a positive note as the All Share Index scooped0.59 per cent to close at 23,826.50 points from 23,686.67 on Thursday, January 21.
Similarly, market capitalization also jumped from N8.146 trillion to N8.194trillion.

The market posted 30 gainers today led by Cadbury with a gain of N1.29 or 10.24 per cent to N13.89 followed by NAHCO with a gain of N0.32 or 9.88 per cent to close at N3.56 while Transcorp gained N0.11 or 9.40 per cent to close at N1.28 per share.

On the other hand, Forte Oil topped 12 stocks on the losers’ chart with N16.50 loss or 5 per cent to close at N313.50 followed by Nestle that lost 37.00 or 4.97 per cent to close at N707.15 per share, and Northern Nigeria Flour Mills that lost N0.42 or 4.91 per cent to close at N8.13 per share.

All together, a total of 1,005,167,671 shares worth N1.888 billion exchange hands in 4,229 deals.

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