Transactions on the Nigerian stock market yesterday closed on a bullish note, extending the positive sentiment to three consecutive trading sessions as
The price appreciation was buoyed by buy interest in large-cap stocks like Airtel Africa, MTN Nigeria Communications and 10 others, as market watchers continue to assess the published first half performance of some of the companies and await the release of more.
Analysts at Afrinvest Limited said: “in the next trading session, we anticipate a bullish performance on the domestic bourse to be driven by bargain hunting activities.” Courteville Business Solutions rose by 4.17 per cent to close at 25 kobo, while Cutix gained 3.95 per cent to close at N5.00, per share. On the other hand, FTN Cocoa Processors led the losers’ chart by 8.16 per cent to close at 45 kobo, per share.
Transnational Corporation of Nigeria lost 5.10 per cent to close at 93 kobo, while Neimeth International Pharmaceuticals shed 5.06 per cent to close at N1.50, per share.
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