Investors gain N136bn as equities market rises by 1.09%

The Nigerian equities market on Tuesday closed on a positive note as the All Share Index grew further by 1.09% to settle at 24,202.87 points from the previous close of 23,941.75 points on Monday.

The market capitalisation likewise appreciated by 1.09% to close at N12.613 trillion from the previous close of N12.477 trillion, thereby gaining N136 billion.

An aggregate of 339.76 million units of shares were traded in 4,784 deals, valued at N3.92 billion.

 

Market Breadth

The market breadth closed positive as 29 equities appreciated in their share prices while 8 equities declined in their share prices.

 

Percentage Gainers

Caverton led 28 other percentage gainers with 10% growth, closing at N2.75 from the previous close of N2.50.

Okomu Oil, Unilever, C&I Leasing and Cutix Plc among other gainers also grew their share prices by 9.99%, 9.85%, 9.78% and 9.56% respectively.

 

Percentage Losers

LASACO led other price decliners shedding 8% of its share price to close at N0.23 from the previous close of N0.25.

NAHCO and Wapic Insurance among other price decliners also shed their share prices by 4.51% and 3.33% respectively.

 

Volume Drivers

  • Access Bank traded about 80.65 million units of its shares in 212 deals, valued at N545.807 million.
  • Guaranty Trust Bank traded about 41.89 million units of its shares in 521 deals, valued at N971.997 million.
  • Zenith Bank traded about 39.75 million units of its shares in 526 deals, valued at N628.86 million.

 

 

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