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Nigerian Bourse Maintains Positive Stance, Start week +0.40%
Nigerian Bourse Maintains Positive Stance, Start week +0.40%

By MorganCapital

To start the week, the local bourse advanced by 0.28%, to close at 28,777.96points, with year-to-date return at +7.19% and market capitalization at N15.04 trillion.

A total volume of 340.8 million units of shares, valued at N5.56billion exchanged hands in 4,235deals. GUARANTY was the most traded shares by volume and value at 56.7million and units and N1.73billion, while ZENITHBANK followed with 47.7million units and N1.01 billion respectively,

Market breadth index was positive with 27 gainers against 15 losers. CUSTODIAN (+5.50%) led the gainer’s chart today, while NASCO (-8.39%) topped the laggards.

Sector performance 

NSE Banking Index:  Up by +1.01%, due to price appreciation in ETI (+7.69%), STERLNBANK (3.57%) and UBA (+2.13%).

NSE Industrial Index: Up by +0.38%, on gains in DANGCEM (+0.66%) and WAPCO (+0.56%) 

NSE Oil & Gas Index: Improved slightly by +0.07%, as OANDO advanced by (+0.87%).

NSE Insurance Index: Down by -0.99%, on price depreciation in CHIPLC (-8.82%) and WAPCO (-7.50%).

NSE Consumer Goods Index: Down by -0.34% price decline in INTBREW (-4.60%).

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