Nigerian equity market halts losing streak

The Nigerian Equity Market  on Monday reversed its trading days losing streak, recording its first gains in August.

The All Share Index (ASI) increased by 190.60 absolute points, representing a growth of 0.71 per cent to close at 27,115.89 points, spurred by gains in the Banking and Oil & Gas sector.

The Market Capitalization grew by N92.88 billion, representing an increase of 0.71 per cent to close at N13.21 trillion.

COURTVILLE rose 10 per cent to top 19 other gainers, while CADBURY shed -9.71 per cent to emerge highest loser among 12 others.

The Upturn was impacted by gains recorded in large and medium capitalized stocks, amongst which are; UACN (6.67%) OANDO (4.48%), STANBIC (3.03%), MTNN (2.74%), UBA (2.70%), ZENITHBANK (2.41%), DANGFLOUR (1.69%), GUARANTY (1.09%) and FBNH (0.83%).