Equities market sustains uptrend as investors gain N77bn

The Nigerian equities market on Wednesday closed on a positive as the All Share Index grew further by 0.71% to settle at 21,073.26 points from the previous close of 20,925.19 points on Tuesday.

Market Capitalisation likewise grew by 0.71% to close at N10.982 trillion from the previous close of N10.905 trillion, thereby gaining N77 billion.

Aggregate volume of traded stocks closed at 346.4 million units, down by 75.99% from the previous close of 1.44 billion units.

The value of traded stocks was N5.2 billion, down by 6.34% from the previous close of N5.57 billion.

Total number of deals at the close of trade was 4,660, up by 0.28% from the previous close of 4,647 deals.

 

Market Breadth

The market breadth closed positive as 25 equities gained against 8 equities that declined in their share prices.

 

Percentage Gainers

Ecobank and Ikeja Hotel led other percentage gainers with 10% growth to close at N4.40 and N0.99 respectively.

Wema Bank, WAPCO, Dangote Sugar and Linkage Assurance among other gainers also grew their share prices by 9.80%, 9.77%, 9.55% and 9.52% respectively.

 

Percentage Losers

Skyway Aviation and Union Diagnostics both led other price decliners, shedding 10% of their share prices respectively.

Ardova Plc (formerly Forte Oil) and Glaxosmith among other price decliners also shed 9.64% and 9.38% respectively.

 

Volume Drivers

Guaranty Trust Bank traded about 102.2 million units of its shares in 545 deals, valued at N1.84 billion.

FBNH traded about 64.71 million units of its shares in 736 deals, valued at N289.32 million.

Zenith Bank traded about 30.29 million units of its shares in 609 deals, valued at N395.41 million.

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