International Breweries, FBNH lift NGX, naira appreciates to N429.013 per dollar

Nigerian Equity Market closed on a positive note as of Thursday last week. It was lifted by gains recorded in International Breweries and First Bank of Nigeria Holding (FBNH) stocks, while the All Share Index (ASI) increased by 0.17 percent to close 51.705 percent from 51.618.73 points the previous day.

Market capitalisation of equities listed in the Nigeria Exchange (NGX) increased to N27.875 trillion from N27.828 trillion as of the previous day, while the total volume traded closed with an exchange of 156,087 million units valued at N1.83 billion traded in 4,312 deals.

However, the market breadth was negative with 12 gainers against 18 losers, just as the NGX index marginally increased by 0.4 per cent to close at 1,879,05 points against 1, 878,23 points at the previous close of trading, The Trumpet gathered.

However, market turnover closed with traded volume of 74.39 million units. International Breweries and FBNH were key gainers, while First City Monument Bank (FCMB) and Nigeria Breweries Plc were key losers.

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Moreover, International Breweries shares rose by 5.0 per cent, FBN Holdings claimed 4.46 per cent, United Capital increased by 3.67 percent, while Sterling Bank rose by 0.66 per cent. Nigeria bourse sustained gains with index of 1.75 per cent, while the naira fell by 0.15 per cent in the Import and Export (I&E) window.

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