Nigerian Bourse sustains rally, closes 0.39% higher

For three consecutive days, trading activities on the floor of the Nigerian Stock Exchange has been on the upward trend. So far this week the All Share Index has grown by 2.0% with about N222 billion gain in Market Capitalisation.

The All Share Index on Thursday closed at 30,086.31 points, advancing by 0.39% from the previous close of 29,970.86 points on Wednesday. The market capitalisation closed at N11.301 trillion, gaining N44 billion against the previous close of N11.257 trillion on Wednesday.

Aggregate volume and value of traded stocks closed at 226.98 million units and N1.74billion in 3,399 deals.

Market Breadth

The market breadth closed positive as 26 stocks gained while 13 stocks lost.

Percentage Gainers

Royal Exchange with 10% growth led other gainers to close at N0.22 from the previous close of N.20.

Chams Plc and Livestock Feeds among others on the gainers’ list both grew their share prices by 9.09% to close at N0.36 and N0.60 respectively.

READ ALSO: Access Bank led 15 other gainers as market looks upward by 0.76%

Percentage Losers

C&I Leasing, UCAP and Berger Paint among other price decliners shed 9.89%, 9.82% and 9.19% of their share prices respectively.

Volume Drivers

  • Access Bank traded about 58.4 million units of its shares in 537deals, valued at N403.4 million.
  • Zenith Bank traded about 27.4 million units of its shares in 285 deals, valued at N574.6 million.

 

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