Nigerian stock market halts five straight days of loses, closes 0.15% higher

The Nigerian stock market on Wednesday halts five straight days of loses as the All Share Index grew by 0.15% to close 31,360.28 points from the previous close of 31,313.36 points on Tuesday. Investors gained N18 billion as the market capitalisation closed at N11.695 trillion away from the previous close of N11.677 trillion.

Aggregate volume and value of traded stocks closed at 377.49 million units and N2.26 billion respectively in 3,273 deals.

Market Breadth

The market breadth closed negative as only 13 stocks gained while 18 stocks lost.

Percentage Gainers

CAP Plc with 10% growth led other gainers to close at N37.40 from the previous close of N34.00. This is followed by Sterling Bank and Eterna Oil, gaining 9.77% and 9.09% respectively.

 

Percentage Losers

Regency Alliance Insurance, Africa Prudential and Prestige Assurance Plc among other price decliners shed 7.69%, 7.52% and 7.41% of their share prices respectively.

Volume Drivers

  • Diamond Bank traded about 113.6 million units of its shares in 107 deals, valued at about N283.36 million.
  • First Bank of Nigeria Holdings (FBNH) traded about 71.53 million units of its shares in 260 deals, valued at about N586.2 million.

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