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Published On: Mon, Oct 8th, 2018

Equity market halts four straight losses, rises 0.19%

The Nigerian Stock market started this week on a bright as it returned bullish after four consecutive decline last week.
The All Share Index (ASI) appreciated by 61.81 absolute points on Monday, representing an increase of 0.19 per cent to closed at 32,444.96 points, propelled by gains recorded in medium and large capitalized stocks, amongst which are: Honey Flour (+2.13 per cent), FBNH (+1.69 per cent), Stanbic IBTC (+1.06 per cent), Zenith Bank (+0.93 per cent), GTBank (+0.41 per cent), etc.
The Market Capitalization increased by N22.56 billion, representing a growth of 0.19 per cent to berth at N11.84 trillion.
Unity Bank appreciated 9.09 per cent to lead 16 other gainers to top the advancers chart while John Holt shed -9.43 per cent to top 10 other losers.
Guaranty Trust Bank was the most active stock, accounting for 59 per cent of 120,822,125 stocks traded, valued at N1,337,704,320.71 achieved in 2,662 deals.

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