By Taiye Olayemi

Nigerian stock market continued its bullish trend on Thursday, ending the week with N1.157 trillion gain.

Market capitalisation rose by N1.157 trillion, or 1.63 per cent, to close at N72.275 trillion, up from N71.118 trillion recorded on Wednesday.

Similarly, the All-Share Index (ASI) rose by 1,835.02 points, or 1.63 per cent, settling at 114,616.75 from its previous close of 112,781.73.

This uptrend was fuelled by strong buying interest in medium and large-capitalised stocks including Champion Breweries, NGX Group, MTN Nigeria, Oando and 37 other equities.

The market breadth closed positive, with 41 gainers and 22 losers.

On the gainers’ chart, Champion Breweries grew by 10 per cent, closing at N7.70 while the Nigerian Exchange Group also increased by 10 per cent, settling at N39.60 per share.

MTN Nigeria rose by 9.99 per cent, ending the session at N319.20 and Oando soared by 9.96 per cent, closing at N56.85 per share.

Also, Morison Industries climbed by 9.90 per cent, finishing at N3.22 per share.

On the flip side, Northern Nigeria Flour Mills dropped by 9.97 per cent, closing at N125.05 while ABC Transport lost by 9.77 per cent, finishing at N2.40 per share.

Legend Internet fell by 9.49 per cent, settling at N5.34 and Livestock Feeds shed by 7.82 per cent, ending the session at N8.25 per share.

Similarly, Omatek Ventures declined by 7.59 per cent, closing 73k per share.

A total of 1.46 million shares worth N33.47 billion were exchanged across 16,410 transactions.

This is compared to 611.53 million shares worth N16.68 billion traded across 13,682 transactions earlier.

Transactions in the shares of Fidelity Bank topped the activity chart with 829.72 million shares worth N15.97 billion.

Legend Internet followed with 180.30 million valued at N1.02 billion while Zenith Bank sold 62.82 million shares worth N3.13 billion.

JaPaul Gold traded 34.84 million shares valued at N69.60 million and Guaranty Trust Holding Company transacted 30.91 million worth N2.16 billion. (NAN) (www.nannews.ng)

Edited by Olawunmi Ashafa