Nigerian equity Market starts August positive, gains 0.11%

The Nigerian equity market commenced the new month with positive sentiment, increasing marginally by 0.11% on Thursday.

The upturn was driven by price appreciation in FIDSON and 11 other stocks. However, market breadth closed negative, recording 12 gainers and 16 losers.

The All Share Index (ASI) increased by 30.20 absolute points, representing a growth of 0.11% to close at 27,748.46 points. Similarly, the Market Capitalization rose by N14.73 billion, representing a gain of 0.11% and closed at N13.52 trillion.
FIDSON emerged the top gainer while ETERNA emerged as top loser
The Upturn was impacted by gains recorded in large and medium capitalized stocks, amongst which are; FIDSON (9.76%), BERGER (9.65%), NASCON(6.87%), DANGSUGAR (2.04%), MTNN (1.61%), FLOURMILL (1.33%) and CCNN (0.41%).