Stock Market Grows 0.79% as Investors Buy Guinness Nigeria, Others

The Nigerian stock market is on the rise, with a 0.79% growth as investors flock to buy shares in companies like Guinness Nigeria. This surge in interest has led to a significant increase in the All-Share Index, which jumped by 810.26 points to 103,598.46 points. The market capitalization also saw a boost, rising by N497 billion to N63.645 trillion.

Some of the top gainers include Chellaram, which saw a 10% increase to N4.07, and Guinness Nigeria, which also rose by 10% to N77.00. Other notable performers include Transcorp Power, which gained 7.96% to N349.80, and Lasaco Assurance, which increased by 7.19% to N3.28.

On the other hand, some companies experienced losses, with Neimeth being the biggest loser, shedding 9.88% to N3.10. John Holt also declined by 9.78% to N8.30, while International Energy Insurance and Sovereign Trust Insurance fell by 9.74% and 9.40%, respectively.

The banking sector saw a significant increase, with a 1.97% growth, while the consumer goods sector rose by 0.70%. The industrial goods sector also saw a modest gain of 0.09%, and the energy sector remained flat.

Overall, it's an exciting time for the Nigerian stock market, with investors showing renewed interest in various sectors. As the market continues to evolve, it will be interesting to see how these trends play out in the coming days and weeks.

https://businesspost.ng/economy/stock-market-grows-0-79-as-investors-buy-guinness-nigeria-others/