Investors gain N21 billion as ASI inches up by 0.19%

Dealing members of the Nigerian Stock Exchange on Tuesday traded remotely following the directives of the The Exchange in order to prevent the spread of Coronavirus.

The market closed on a positive note as the All Share Index grew by 0.19% to settle at 21,741.16 points from the previous close of 21,700.98 points on Monday.

The market capitalisation grew by 0.19% to close at N11.330 trillion from the previous close of N11.309 trillion, thereby gaining N21 billion.


Aggregate volume of traded stocks closed at 330 million units, down by 28.91% from the previous close of 464 million units.

The value of traded stocks was N3.57 billion, down by 7.67% from the previous close of N3.87 billion.

Total number of deals was 4,561, down by 22.47% from the previous close of 5,883 deals.

Market Breadth

The market breadth closed positive as 19 equities gained while 10 equities declined in their share prices.

Percentage Gainers

NPF Microfinance Bank led other percentage gainers with 9.52% growth to close at N1.15 from the previous close of N1.05.

Stanbic IBTC, Transcorp, Jaiz Bank and Skyway Aviation among other gainers grew their share prices by 9.43%, 8.93%, 8.89% and 8.66% respectively.

Percentage Losers

Caverton led other price decliners, shedding 10% of it share price to close at N2.25 from the previous close of N2.50.

Conoil, NASCON Allied Industries, Ecobank and Cadbury among other price decliners also shed their share prices by 9.93%, 9.57%, 8.99% and 8.85% respectively.

Volume Drivers

Guaranty Trust Bank traded about 78.9 million units of its shares in 624 deals, valued at N1.32 billion.

Zenith Bank traded about 77.9 million units of its shares in 877 deals, valued at N852.87 million.

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