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NSE: Law Union, UBA, Access Bank, GTB, drive share volume; as market capitalisation improves by N38bn

Floor of the Nigerian Stock Exchange
Floor of the Nigerian Stock Exchange
The Nigerian equity market, Thursday, reversed the five-day consecutive downward trend with the market capitalisation appreciating by N38 billion or 0.44 per cent.
The market capitalisation, which opened at N8.474 trillion, rose by N38 billion to close at N8.512 trillion.
Also, the All-Share Index gained 108.25 points, representing 0.44 per cent growth to close at 24,746.16 compared with 24,637.91 posted on Wednesday.
An analysis of the price movement table showed that Okomu Oil Palm recorded the highest price gain to lead the gainers’ table, appreciating by N3.03 to close at N33.07 per share.
Lafarge Africa followed with a gain of 99k to close at N76, while Nigerian Breweries gained 48k to close at N107.47 per share.
E-Tranzact appreciated by 37k to close at N4.29, while GT Bank increased by 37k to close at N15.20 per share.
On the other hand, UACN topped the losers’ chart, dropping by 97k to close at N18.43 per share.
It was followed by Mobil Oil with a loss of 80k to close at N149.20, while Total dropped 50k to close at N160 per share.
National Salt shed 39k to close at N7.41, while Africa Prudential lost 21k to close at N2.41 per share.
Also, the volume of shares traded closed higher with a total of 271.66 million shares worth N1.61 billion exchanged in 2,988 deals.
This was in contrast with 162.47 million shares valued at N1.02 billion traded in 3,079 deals on Wednesday.
Law Union and Rocks Insurance drove the turnover volume with 47.56 million shares worth N30.89 million.
UBA came second with an exchange of 30.61 million shares valued at N99.03 million, while Guaranty Trust Bank sold 29.68 million shares worth N446.08 million.
Access Bank exchanged 22.09 million shares valued at N83.78 million and NEM Insurance traded 19.55 million shares worth N14.66 million.

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