{"id":45188,"date":"2020-12-02T07:03:41","date_gmt":"2020-12-02T06:03:41","guid":{"rendered":"https:\/\/nationalwire.com.ng\/?p=45188"},"modified":"2020-12-02T07:03:41","modified_gmt":"2020-12-02T06:03:41","slug":"nigeria-stock-market-resumes-december-with-n55bn-gain","status":"publish","type":"post","link":"https:\/\/nationalwire.com.ng\/sub\/nigeria-stock-market-resumes-december-with-n55bn-gain\/","title":{"rendered":"Nigeria Stock Market Resumes December With N55bn Gain"},"content":{"rendered":"

The Nigeria stock market on Tuesday sustained bullish sentiment to open the month of December with N55 billion growth due to buying interests in Tier 1 banks.<\/p>\n

Consequently, the market capitalisation rose by N55 billion or 0.30 per cent to close at N18.364 trillion compared with N18.309 trillion posted on Monday.<\/p>\n

Also, the All-Share Index grew by 105.48 points or 0.30 per cent to close at 35,147.62 from 35,042.14 recorded on Monday.<\/p>\n

Accordingly, month-to-date and year-to-date return increased to 15.1 per cent and 30.9 per cent, respectively.<\/p>\n

The uptrend was also driven by price appreciation in medium and large capitalised stocks amongst which are; Guaranty Trust Bank, Seplat, Zenith Bank, Caverton and Cutix.<\/p>\n

Market analysts at APT Securities and Funds Ltd., anticipated more bullish run amidst short term profit taking as the trading week unfold.<\/p>\n

Caverton dominated the gainers\u2019 chart in percentage terms, growing by 9.88 per cent to close at N1.89 per share.<\/p>\n

Cutix followed with 9.80 per cent to close at N1.68, while AIICO Insurance rose by 9.78 per cent to close at N1.01 per share.<\/p>\n

Chams went up by 8.70 per cent to close at 25k, while McNichols appreciated by 8.51 per cent to close at 51k per share.<\/p>

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Conversely, Cornerstone Insurance led the laggards\u2019 chart in percentage terms, losing by 10 per cent to close at 54k per share.<\/p>\n

Consolidated Hallmark Insurance dipped 9.68 per cent to close at 28k, while Prestige Assurance declined by 9.09 per cent to close at 50k per share.<\/p>\n

Lasaco Assurance declined by 8.82 per cent to close at 31k, while Mutual Benefits Assurance shed 8.70 per cent to close at 21k per share.<\/p>\n

Transactions in the shares of Access Bank topped the activity chart with 43.37 million shares valued N376.48 million.<\/p>\n

FBN Holdings followed with 31.94 million shares worth N229.79 million, while Mutual Benefits Assurance sold 24.44 million shares valued N5.16 million.<\/p>\n

United Bank for Africa accounted for 24.09 million shares worth N200.21 million, while Guaranty Trust Bank transacted 24.06 million shares valued N859.15 million.<\/p>\n

In all, the total volume of shares traded closed with an exchange of 308.18 million shares valued N3.40 billion in 4,515 deals, a decrease of 25.8 per cent.<\/p>\n

This was in contrast with a turnover of 415.53 million shares worth N4.89 billion achieved in 5,264 deals on Monday.<\/p>\n","protected":false},"excerpt":{"rendered":"

The Nigeria stock market on Tuesday sustained bullish sentiment to open the month of December with N55 billion growth due to buying interests in Tier 1 banks.<\/p>\n","protected":false},"author":6,"featured_media":37938,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"categories":[17],"tags":[740],"coauthors":[2391],"class_list":["post-45188","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-news","tag-nse"],"yoast_head":"\nNigeria Stock Market Resumes December With N55bn Gain - National Wire<\/title>\n<meta name=\"description\" content=\"The Nigeria stock market on Tuesday sustained bullish sentiment to open the month of December with N55 billion growth due to buying in\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/nationalwire.com.ng\/sub\/nigeria-stock-market-resumes-december-with-n55bn-gain\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Nigeria Stock Market Resumes December With N55bn Gain - 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