Nigerian Bourse gains N15bn, grew by 0.13%

The Nigerian equities market on Thursday closed on a positive note as the All Share Index rose by 0.13% to settle at 21,757.47 points from the previous close of 21,729.48 points on Wednesday.

The market capitalisation also appreciated by 0.13% to close at N11.339 trillion from the previous close of N11.324 trillion, thereby gaining N15 billion.

Aggregate volume of traded stocks was 172 million units, down by 26.26% from the previous close of 233.47 million units.

Value of traded stocks was N1.89 billion, down by 15.73% from the previous close of N2.24 billion.

Total number deals at the close of trade was 3,542, down by 8.57% from the previous close of 3,874 deals.

Market Breadth

The market breadth closed positive as 24 equities gained while 8 equities declined in their share prices.

Percentage Gainers

Morrison Industries, United Capital and Union Bank led other percentage gainers with 10% growth respectively.

Transcorp, Access Bank and Cadbury among other gainers also grew their share prices by 9.84%, 9.82% and 9.73% respectively.

Percentage Losers

Nestle led other price decliners, shedding 10% of its share price to close at N765 from the previous close of N850

Glaxosmith, Julius Berger and Stanbic IBTC among other price decliners also shed their share prices by 7.89%, 7.17% and 6.90% respectively.

Volume Drivers

Zenith Bank traded about 40.6 million units of its shares in 558 deals, valued at N488.8 million.

UBA traded about 15.95 million units of its shares in 305 deals, valued at N79.3 million.

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