By Chinyere Joel-Nwokeoma
The Nigerian Bourse advanced on Thursday with the market indices increasing by 0.07 per cent due to buying interest in some blue chips, after two days of depreciation.
Specifically, the All Share Index (ASI) grew by 21.13 points, representing a growth of 0.07 per cent to close at 29,919.44 against 29,898.30 posted on Wednesday.
Similarly, the market capitalisation gained N8 billion, to close at N11.244 trillion compared with N11.236 trillion achieved on Wednesday.
News Agency of Nigeria (NAN) reports that the upturn was impacted by gains recorded in medium and large capitalised stocks, amongst which are; Seplat Petroleum Development Company, Forte Oil, Dangote Flour Mills, Nigerian Breweries and Stanbic IBTC Holdings.
Analysts at Afrinvest Ltd noted that “following today’s positive performance, we do not rule out the possibility of profit taking trading amidst corporate earnings releases.”
Analysts at APT Securities and…
Source: News Agency of Nigeria
