NSE
By Chinyere Joel-Nwokeoma
The Nigerian Stock Exchange (NSE) on Thursday sustained positive momentum with a growth of 0.10 per cent.
Specifically, the All Share Index inched higher by 34.00 points or 0.10 per cent to close at 34,803.00 from 34,769.00 posted on Wednesday.
Similarly, the market capitalisation which opened at N18.166 trillion rose by N18 billion or 0.10 per cent to close at N18.184 trillion.
The upturn was impacted by gains recorded in medium and large capitalised stocks, amongst which are; Mobil, Guinness, Guaranty Trust Bank, Cadbury and International Breweries.
Analysts at Afrinvest Limited said: Following three consecutive days of positive performance, we envisage investors will take profit in the next trading session.
However, we expect the equities market to close in the green for the week.
NCR and UPDC Real Estate Investment Trust led the gainers chart in percentage terms, gaining 10 per cent each to close at N1.98 and N5.50 per share, respectively.
Mobil followed with 9.89 per cent to close at N208.80 per share.
Neimeth International Pharmaceuticals improved by 9.79 per cent to close at N2.58, while International Breweries chalked up 9.62 per cent to close at N7.18 per share.
Conversely, Royal Exchange dominated the losers chart in percentage terms losing 7.69 per cent to close at 24k per share.
Union Diagnostic