Market extends bullish run to four straight sessions, Wednesday

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Market extends bullish run to four straight sessions, Wednesday

The Nigerian stock market maintains a steady bullish run as it extended its growth for the fourth straight run in the week.

The All Share Index advanced by 0.16%, adding 48.230 points on 30,773.57 of last session to arrive at 30,821.80 at the close of the day’s trading.

Market Capitalisation soared by 0.16% also, closing at N11.494 trillion above the previous close of N11.476 trillion.

Market extends bullish run to four straight sessions, Wednesday

The other market indicators closed higher as the Aggregate Volume and Value of traded stock grew by 88.68% and 65.02% to settle at 359 million units and N4.8 billion respectively.

Market Breadth

Market breadth closed positive with 19 gainers against 17 losers.

 

Percentage Gainers

Market extends bullish run to four straight sessions, Wednesday

Learn Africa Plc. led other percentage gainers closing 9.49% above the previous close of N1.37 to settle at N1.50.

Regency Alliance grew 9.09% and MCNICHOLS grew 7.69% ahead of 16 other stocks that made it to the green.

Percentage Losers

Market extends bullish run to four straight sessions, Wednesday

Custodian Investment Plc tops the losers’ chart losing 8.82% of its share price. This is followed by Guinea Insurance, Consolidated Hallmark and LIVESTOCK, all shedding 8.70%, 6.45% and 5.66% of their share prices respectively.

Volume Drivers

Market extends bullish run to four straight sessions, Wednesday

FBNH traded about 88million units of its shares in 223 deals, valued at about N659 million.

Zenith Bank also traded about 55million units of its shares in 373 deals, worth about N1.2 billion.

 

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