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Thursday, December 8, 2022

Nigerian Stocks sustain uptrend on large cap gains

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Nigerian Stocks on Thursday sustained previous day’s rally, following price appreciation in some large cap stocks.

Consequently, the market breadth closed positively, recording 18 gainers as against 14 losers.

The All-Share Index (ASI) increased by 183.48 absolute points, representing gains of 0.77% to close at 23,892.92 points, while market capitalization increased by N84.95 billion to close at N12.44 trillion.

The uptrend was impacted by gains recorded in large capitalized stocks, including; Nestle (+4.00%), FBNH (+3.13%), Guaranty Trust Bank (+2.56%), Zenith Bank (+1.99%), Dangote Cement (+1.74%), and UBA (+0.83%).

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