Home Stock Market MTN boosts NSE market indices further by 0.38 per cent

MTN boosts NSE market indices further by 0.38 per cent

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Transactions maintained an upward trend on Thursday with the market indicators appreciating further by 0.38 per cent, amid MTN Nigeria gains.

Specifically, the All- Share Index rose by 95.49 points or 0.38 per cent to close at 25,236.97 compared with 25,141.48 posted on Wednesday.

In the same vein, the market capitalisation rose by N50 billion or 0.38 per cent to close at N13.165 trillion against N13.115 trillion achieved on Wednesday.

The upturn was impacted by gains recorded in medium and large capitalised stocks, amongst which are; Nigerian Breweries, Unilever Nigeria, MTNN, Stanbic IBTC Holdings and Flour Mills.

Capital market watchers attributed the renewed positive trend of the market to rising crude oil price at the international market and hope for interim dividend.

AXA Mansard Insurance led the gainers in percentage terms, gaining 9.66 per cent to close at N1.59 per share.

Consolidated Hallmark Insurance came second with 8.82 per cent to close at 37k, while Unilever appreciated by 8.33 per cent to close at N13 per share.

Prestige Assurance went up by 8.16 per cent to close at 53k, while Nigerian Breweries appreciated by 5.88 per cent to close at N36 per share.

On the other hand, Ikeja Hotel led the losers’ chart in percentage terms, declining by 9.90 per cent to close at 91k per share.

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