Stock Market Scoops N91billion on Renewed Bull Strength

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Stock Market Scoops N91billion on Renewed Bull Strength


The downward trajectory that plagued trading at the Nigerian Equities market came to an abrupt halt at the close of trading on Thursday, January 28.

Trading on the Nigerian bourse gained N91 billion as the NSE All Share Index closed higher at 23,598.85 points as it added 265.51 basis points translated to 1.14 per cent.

Volume and value of trades both improved by 4.99 per cent and 17.75 per cent respectively from their previous trading levels. Transactions in the shares of Africa Insurance, Guaranty Trust Bank, Zenith Bank, UBA and Universal Insurance topped the activity chart as most traded equities by volume.

NSE Al, Share Index and all sector indices closed upbeat save for NSE Insurance and NSE Oil & Gas with daily losses of 1.03 per cent and 2.75 per cent.

The market breadth tilted to the bull’s camp with 27 gainers against 13 losers.

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