Investor gain N106bn, as market rises further by 0.70%

Transactions on the floor of the Nigerian Stock Exchange on Tuesday closed on a positive note as the All Share Index appreciated further by 0.70% to settle at 28,980.29 points from the previous close of 28,777.96 points.

Investors gain N106 billion as Market Capitalisation appreciated by 0.70% to close at N15.148 trillion from the previous close of N15.042 trillion.

An aggregate of 385.6 million units of shares were traded in 5,283 deals, valued at N2.9 billion.

Market Breadth 

The market breadth closed positive as 46 equities gained while 2 equities declined in their share prices.

Percentage Gainers

Linkage Assurance led other gainers with 10% growth to close at N0.44 from the previous close of and N0.40.

Conoil, Northern Nigerian Flour Mills (NNFM) and Portland Paints among other gainers also grew their share prices by 9.81%, 9.79% and 9.76% respectively.

Percentage Losers

Wema Bank and NEM Insurance were the only equities that recorded losses at the close of trade as they shed 1.72% and 1.42% of their share prices respectively.

Volume Drivers

First Bank of Nigeria Holdings (FBNH) traded about 81.78 million units of its shares in 394 deals, valued at about N505.5 million.

Access Bank traded about 50.72 million units of its shares in 279 deals, valued at N391.2 million.

Fidelity Bank traded about 35.19 million units of its shares in 208 deals, valued at N75.1 million.

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