Nigeria stock market news
The Nigeria Stock Exchange in Lagos

The All Share Index (ASI) was pegged at 149.49 absolute points after trading on the floor of the Nigeria stock exchange on Thursday.

Concise News understands that this means a rise of 0.48 per cent and thus closing at 31,210.79 points after the day’s trading on the Nigeria stock market.

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This development was due to sell pressure in some blue-chip stocks, particularly Learn Africa and Transcorp Hotel.

The market capitalisation depreciated by N56 billion to close at N11.639 trillion and was impacted by losses recorded in large and medium capitalised stocks.

Some of the stocks are: Nestle Nigeria, Dangote Cement, Transcorp Hotel, Eterna and Guaranty Trust Bank.

There were nine gainers against 20 losers after the day’s trading on the floor of the Nigeria Stock Exchange (NSE).

At the top of the gainers’ table is McNichol which led by 9.62 per cent to close at 57 kobo per share.

This was followed by Dangote Flour Mills with a gain of 8.42 per cent to close at N10.30 per share.

Also, Ikeja Hotel appreciated by 7.98 per cent to close at N2.30, per share while Sterling Bank jumped by 5.93 per cent to close at N2.50.

In addition, NEM Insurance gained 5.04 per cent to close at N2.50, per share.

On the flip side, Learn Africa led the losers’ table by 9.66 per cent to close at N1.31.

The company was trailed by Transcorp Hotel with a loss of 9.24 per cent to close at 5.40, as Law Union & Rock Insurance shed 8.93 per cent to close at 51 kobo, per share.

Similarly, the trade volume fell by 53.1 per cent to 177.63 million shares, worth N2.56 billion, and exchanged in 2,635 deals.