Nigerian stock market gains N121bn, closes 1.09% higher

The Nigerian equities market on Wednesday closed on a positive note as the All Share Index grew 1.09% to close at 27,352.94 points from the previous close of 27,058.62 points on Tuesday.

Market capitalisation grew by 0.92% to close at N13.307 trillion, gaining N121 billion from the previous close of N13.186 trillion.

Aggregate volume of traded stocks closed at 363.97 million units, valued at N4.52 billion in 3,451 deals.

Market Breadth

The market breadth closed positive as 23 stocks gained, while 16 stocks declined in their share prices.

Percentage Gainers

Honeywell Flour with 9.68% growth led others on the gainers’ list to close at N1.02 from the previous close of N0.93.

Ecobank Transnational Incorporated, AXA Mansard and Union Diagnostics among others also grew their share prices by 9.60%, 9.41% and 9.09% respectively.

Percentage Losers

Forte Oil led the price decliners’ list, shedding 10% of its share price to close at N15.30 from the previous close of N17.00.

Okomu Oil and Livestock Feeds among others also shed their share prices by 9.18% and 8.89% respectively.

 

Volume Drivers

UBA traded about 64.73 million units of its shares in 210 deals, valued at N381 million.

Access Bank traded about 58.12 million units of its shares in 160 deals, valued at N372 million.

Guaranty Trust Bank traded about 43.99 million units of its shares in 266 deals, valued at N1.17 billion.

 

 

Leave a Reply

Your email address will not be published.

WP Twitter Auto Publish Powered By : XYZScripts.com