NGX: Indices rise by 1.09% amid renewed bullish transactions

The home inventory market ended the week on a constructive observe amid features within the shares of Tier-one banks and MTN Nigeria.

Particularly, the market capitalisation gained N262 billion or 1.09 per cent to shut at N24.233 trillion from N23.971 trillion on Thursday.

Equally, the All-Share Index rose by 481.51 factors or 1.09 per cent to shut at 44,492.73 from 44,011.22 recorded on Thursday.

Consequently, the year-to-date (YTD) return rose to 4.16 per cent.

Market sentiment, as measured by market breadth, was unfavorable, as 19 shares misplaced relative to 11 gainers.

Nigerian Breweries recorded the very best worth achieve of 10 per cent to shut at N41.25 per share.

Union Financial institution adopted with a achieve of 9.24 per cent to shut at N6.50, whereas ABC Transport appreciated by 8.7 per cent to shut at 25k per share.

Dangote Cement went up by 7.77 per cent to shut at N238.50 per share.

Additionally, Mansard rose by 7.27 per cent to shut at N1.77, whereas United Capital rose by 6.64  to shut at N12.05 per share.

Alternatively, Fidson led the losers’ chart by 9.34 per cent to shut at N8.15 per share.

WAPIC Insurance coverage adopted with a decline of  8.33 per cent to shut at 33k and  Regency Alliance Insurance coverage shed eight per cent to shut at 23k per share.

Sovereign Belief Insurance coverage misplaced 7.69 per cent to shut at 24k, whereas Mutual Advantages Assurance shed 3.57 per cent to shut at 27k, per share.

(NAN)